HedgeF019 · Vintage 2016Open
Aurelia Convertible Arbitrage
Aurelia Asset Management
Global convertible arbitrage with selective volatility and credit overlays.
Relative ValueConvertible ArbitrageUSEuropeAsiaArticle 6
Performance · since fund launch
Cumulative net return
-2.4%
since inception
Compare with
| Fund vs indexes | 1Y | 3Y | 5Y | Per year since launch | Yearly volatility | Largest drop |
|---|---|---|---|---|---|---|
| Aurelia Convertible Arbitrage | +0.6% | -3.6% | — | -0.2% | 4.5% | -9.5% |
| HFRI Fund Weighted Composite(illustrative) | +4.5% fund -3.9pp | +12.1% fund -15.7pp | — | +4.8% fund -5.0pp | 3.9% | -4.0% |
| S&P 500 Total Return | +26.3% fund -25.7pp | +33.1% fund -36.7pp | — | +19.7% fund -19.9pp | 18.2% | -23.9% |
| STOXX Europe 600 | +12.7% fund -12.1pp | +20.0% fund -23.6pp | — | +11.4% fund -11.6pp | 13.7% | -20.5% |
Sources: HFRI FWC — Illustrative mock data · S&P 500 TR — Yahoo Finance (^SP500TR) · STOXX 600 — Yahoo Finance (^STOXX, price index). Index data aligned to the fund's quarter ends.
| Quarter | Quarterly return | Sharpe |
|---|---|---|
| 2022 Q1 | -4.43% | 1.20 |
| 2022 Q2 | -2.57% | 1.53 |
| 2022 Q3 | +1.80% | 1.45 |
| 2022 Q4 | +2.23% | 1.49 |
| 2023 Q1 | +1.84% | 1.61 |
| 2023 Q2 | -1.00% | 1.45 |
| 2023 Q3 | -2.42% | 1.30 |
| 2023 Q4 | +2.27% | 1.29 |
Terms
Target fund size£1.0bn
Current AUM£720m
Min ticket£5m
Largest investment accepted£75m
Target net IRR8–11%
Minimum time investors must stay in1 year
Management fee1.50%
Carry / performance20%
ESG / SFDRArticle 6
Liquidity
Quarterly liquidity, 60-day notice.
Investment highlights
- Stable Sharpe through multiple regimes
Top 5 holdings
Largest positions · % of fund · simulated
- Highgate Realty10.4%
- Cobalt Pharma8.9%
- Redwood Capital8.3%
- Beacon Telecom6.3%
- Halcyon Energy6.3%