It says the Eddington Macro Opportunities Fund has produced an estimated return of 25 per cent.

'The volatility within the macro environment, coupled with sustained market chaos is a three- to five-year phenomenon in which macro-related strategies should come to the fore, as they did in 2008, essentially capitalizing on both longer-term trends and short-term volatility,' says Eddington chief investment officer Alex Allen.

'The deleveraging of a decade's worth of excesses simply cannot have been concluded within 2008. Furthermore, we can expect that the major policy responses of governments and their treasuries will largely fail in the aim of re-igniting economic growth and stability. We would argue that policy responses so far have only made matters worse in prolonging the pain and inhibiting a natural clearing of markets through the market mechanism.'

Eddington Capital Management was established in 2003 as a specialist in high return target fund of hedge funds and the flagship Eddington Triple Alpha Fund was launched on 1 September of that year.