Fixed income specialist sets foundations for a solid future
Sydney-based Basis Capital Funds Management Ltd has attained a five-year track record, making it one of a select few Australian hedge funds with institutional quality management expertise. Basis Capital’s Pac-Rim Opportunity Fund has experienced an impressive 92% positive return months in its five years of trading and the Yield Alpha Fund is nearing its two-year track record with 100% positive return months.
The consistent performance is testament to Basis Capital’s rigorous investment selection and risk management processes which enable it to navigate volatility in the markets and generate consistent returns. Zenith Investment Partners Pty Ltd awarded both Basis Capital’s funds with a ‘Highly Recommended’ rating for Australian domiciled funds which feed into Cayman Islands vehicles. “In addition to its impressive absolute performance, the fund has achieved this within a tight risk controlled framework. The catch cry of many hedge funds is ‘equity like returns, with fixed interest like risk.’ While many do not achieve this stated objective, Basis has consistently met this expectation,” it said in a statement.
The Basis Pac-Rim Fund is an Asia-Pacific focused multi-strategy credit fund and has had a net US dollar return of 57.50% since inception with annualized volatility of just 2.81%. Commenting on the fund’s return profile, Steve Howell, joint Managing Director and Chief Investment Officer of Basis Capital said: “It’s not just about managing money, it’s about managing risk. Disciplined teamwork is key to managing portfolio risk in the long term.”
The innovative Basis Yield Alpha Fund primarily invests in global structured credit such as CDO equity and mezzanine debt and employs a long/short investment philosophy. Since inception in December 2003 it has produced a net US dollar return of 19.45% with a low or negative correlation to other asset classes. It is designed as a traditional asset class displacement and can fit into the high yield, alternative, or fixed income component of an investor’s portfolio. “The Yield Alpha Fund is a true credit alpha generator and is now well established for a firm future,” says Stuart Fowler, joint MD of Basis Capital.
Basis Capital has achieved multiple hedge fund and institutional awards in its foundation years as well as the highest possible ratings from many respected Australian and International funds management research and ratings houses, including five stars from S&P Australia. Basis Capital’s clients are worldwide and include large pension funds, fund of hedge funds, private banks, high net worth individuals and retail WRAP style platforms. “Being fully licensed under the strict Australian Securities and Investment Commission Financial Services Regulatory regime provides our clients worldwide with a strong sense of transparency and capital adequacy,†says Rick Bernie, head of marketing and distribution at Basis Capital.
About Basis Capital
Basis Capital Pty Ltd is a hedge fund manager based in Sydney and was founded in 1999. Its two main fund products are the Basis Pac-Rim Opportunity Fund and the Basis Yield Alpha Fund. The Basis Pac-Rim Fund is a multi-strategy alternative fixed income fund that employs long/short trading strategies across fixed income, convertibles and equities as well as their derivatives. The Basis Yield Alpha Fund is a diversified global CDO equity and mezzanine Fund, employing a relative value and arbitrage approach to structured credit investing.
For further information please visit the Basis Capital website at www.basiscap.com.au
Or contact:
Rick Bernie – Director Managed Funds
Basis Capital Pty Ltd
Level 17, Lumley House 309 Kent Street
Sydney NSW 2000 Australia
Ph: +61-2-8234 5500
Fax: +61-2-8234 5501
