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Augustus hedge fund doubles assets under management
  Hedgeweb - THU, DEC 04 2008
Funds & Investment Fund firm Augustus Asset Managers said that assets under management in its fixed income and currency macro hedge fund have bucked market trends and doubled in the year to end-October.

Augustus, formed from the management buyout of Julius Baer Investments, said assets at the JB Global Rates Hedge Fund have grown to $308.8m in the year to end-October, up from $134.8m.

During the period the fund has returned 13.56 per cent.

Augustus has assets under management of about $12bn in long-only, absolute return and hedge funds.

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