It is this track record that should spark interest among advisers when the fund reaches its third anniversary in February – and the managers are ready to take on more investor money.
“We expect, after hitting the third anniversary, to appear on the radars of those investors who aren’t allowed to consider those funds that don’t have that proven track record,” Mr Monaco says.
“In the same respect, we also think, given the capacity in the global space, [the fund] could grow to $8bn-$10bn (£4.8bn-£6.1bn) because, in our continued effort to minimise risk, one of the things we look at is free flow and market capitalisation. We wouldn’t invest in anything with a market cap of less than $1bn. Everything we have done [so far] is scalable.”
Expert View
Martin Bamford, managing director, Informed Choice:
“Ardevora is a boutique fund manager with a short track record, having only been founded in 2010. The managers follow an interesting investment approach based on behavioural psychology – trying to exploit the behaviour of investors in markets. The fund uses a 150/50 long/short approach, with the managers able to gear their long positions up to 150 per cent and concurrently take short positions, profiting should a particular stock fall. This is a very interesting and innovative fund that is unlikely to appeal to the majority of retail investors. It could form part of a portfolio for more experienced or adventurous investors looking for something genuinely different.”
