Sat, Apr 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Opportunities remain for investors to access high quality listed hedge funds at discount to NAV

Wednesday, June 16, 2010

Benedicte Gravrand, Opalesque London:

The listed hedge fund sector was destabilised at the end of 2008 but is getting back on its feet now, although there are still discounts for investors to take advantage of. And some see the sector veering towards the niche market, or towards becoming large, more reliable entities.

RBS: Key is to access quality listed hedge funds at discount NAV There are around 86 closed-end funds listed on the London Stock Exchange with combined assets of £2,479m (US$3,672m) vs. a combined market cap of £2,991m ($4,431m).

The listed hedge fund sector currently has 23 funds of hedge funds (FoHFs) with an aggregate TNA of £4,197m ($6,217m) and an aggregate market cap of £3,351m ($4,964m). It also has 11 single manager hedge funds, with TNA of £3,745m ($5,548m) and cap of £3,515m ($5,207m).

“Clearly there is a shortfall here,” said Mark James, executive director at the RBS (Royal Bank of Scotland) Investment Funds Team in a seminar organised by Peregrine in London last month. “This is a key attraction for investors looking into hedge funds.”

The listed FoHFs include Absolute Invest, Absolute Return Trust, Acencia Debt Strategies, Aida Fund, Alternative Investment, Altin, Blackrock Absolute Return, Castle Alternative, CMA Global Hedge, Dexion, FRM, Goldman Sachs Dynamic Opps, Gottex Market Neutral Trust, In......................

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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its