Fri, Jan 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

LNG's credit fund up 32.4% YTD, managers believe high yield bonds will continue to be attractive asset class over medium and long-run

Wednesday, July 29, 2009

From the Opalesque Team:

London-based LNG Capital reported that the LNG Zenith High Yield Bond fund had returned 2.36% (€A) and 1.33% (€B) in June and 32.4% (€A) YTD (34.90% since LNG began managing the fund in November-08). On a risk-adjusted basis, the fund continues to produce equity-like capital returns with less downside risk than equity or the benchmark while generating generous current income.

The Zenith Fund is specialized in the high yield debt markets for corporate loans, bonds and credit default swaps. The fund invests in a well diversified bond and loan portfolio and aims to provide attractive investor returns through a low volatility strategy.

Alex Vaskevitch, Portfolio Manager/Partner at LNG Capital said in the fund's latest report that he had reduced the level of systematic risk in the book by restructuring the portfolio: "The end result was an increase in average ratings quality from B to BB and a slight decrease in the average maturity profile. We also increased our market hedge on the portfolio leaving us with a slightly net long position."

"We believe that this portfolio will allow us to extract attractive risk adjusted returns over the next couple months as the market trades sideways to down and traders anticipate a "W-shaped" recovery," he continued. "Don't misunderstand; while we have a negative short-term view, we believe high yield bonds will continue to be an attractive asset class over the m......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised