Selling Nikkei vol hedged Phalanx’s long vega

Chris McGuire is chief investment officer of US-headquartered Phalanx Capital Management, which manages the $70 million Phalanx Japan Australasia Multi-Strategy Fund. The fund uses convertible arbitrage, volatility-related strategies, merger arbitrage and event-driven trading strategies. How was your performance in 2009? We finished up 42.7% for the year after being up 44.54% in 2008 and grew our AUM to $55 million. As of March 1, our fund was up to $70 million and, along with a manag…