Kernow Asset Management has gained 52.9% since its inception in November 2019 through August following an August return of 2.3%. Over the same time frame, the FTSE All Share Index has returned 35.8%, while the FTSE 250 is up 19.8%. The FTSE 100 has gained 38.2%, and the FTSE Aim All Share is off 7.3%.
As of August, the hedge fund's top five long positions were Galliford Try Holdings, Metro Bank Holdings, Frasers Group, Hiscox and CMC Markets, according to an investor presentation.
Kernow's strategy and philosophy
Kernow aims to derive superior returns from mispriced opportunities using a contrarian style that includes well-defined catalysts. Chief Investment Officer Alyx Wood and CEO Edward Hugo head up the U.K. long/ short equity strategy.
In a...
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