Sat, May 28, 2016
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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit