Fri, Aug 28, 2015
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. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner