Mon, Jun 25, 2018
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. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp