Sun, Mar 26, 2017
A A A
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

amb
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He