Sat, Oct 10, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with