The Hedge Fund Journal was quick off the mark in identifying the potential of Portland Hill. We first interviewed the firm’s Harvard and Goldman Sachs-trained founder and CIO, Thierry Lucas, in June 2012 when he launched the company. He went on to be featured in the 2014 edition of The Hedge Fund Journal’s biennial ‘Tomorrow’s Titans’ survey in association with EY and the firm has also received numerous awards. The Portland Hill Overseas Fund won The Hedge Fund Journal’s 2016 performance award, whilst the firm’s UCITS, which launched in September 2014, received one of The Hedge Fund Journal’s 2017 UCITS Hedge awards.
These awards are based on risk-adjusted returns. Portland Hill’s flagship strategy has delivered positive performance every year. It has returned approximately +74.5% net in the five years since inception, +11.2% net annualised, which is consistent with the stated performance target of high single-digit to low double-digit returns. Portland Hill’s returns have outperformed hedge fund indices of similar strategies by more than 40% since launch (as shown in Fig.1). Returns are also defined by constrained volatility, low drawdowns and low correlation to equity markets. “We have protected capital in challenging years and delivered double-digit returns in the good years,” reflects Lucas. It is on the back of this track record that Portland Hill has been able to grow its firm-wide AuMs to over $1bn.