Wed, Oct 26, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Atyant Capital Global Opportunities Fund up 1.5% in December, managers believe India may be most robust economy in the world in 2010

Friday, January 08, 2010

From Sagar Chakraverty, Opalesque Asia:

During the month of December 2009, the Atyant Capital Global Opportunities Fund LP (ACGOF) was up 1.5 % and down 3.7% since inception on 01-April-2009.

December initiated a shift in trend from weakening USD to strengthening USD. The fund managers at Atyant had anticipated this shift and were waiting for it. Vedant Mimani, managing director of Atyant Capital, said in the latest fund commentary: “The USD was so oversold and bearish sentiment at such an extreme that we knew enough to expect some sort of rally, even if it were just of the dead cat bounce variety. We also knew enough to expect a round of USD strength to result in weakness in the precious metals complex. … The big question now is whether this is the beginning of a new trend or merely a relief move to alleviate oversold/overbought conditions.”

Since the market signaled a turn in the currencies and precious metals, the fund now relies more on stop loss levels instead of hedging to contain their downside. Consequently, the fund’s relative trades have decreased while increasing their exposure to naked shorts. Atyant’s managers also believe that gold stocks and gold will undergo further corrections, but if it doesn’t prove to be right, ACGOF has predefined stop loss levels to avoid more damages.

Atyant manages two private investment partnerships - precious metals complex and middle market Indian equities. Atyant Ca......................

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa