Sat, Oct 10, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Magnum BGM Select Opportunities Fund up 9.48% in February, 14.47% year to date

Tuesday, March 13, 2012

Precy Dumlao, Opalesque Asia: Bahamas-based Magnum BGM Select Opportunities Fund reported a strong performance in February with +9.48% gains to bring its year-to-date returns at +14.47%. The fund started 2012 with 4.56% gains after closing 2011 down 9.90%.

In a statement, the fund said that its February performance "was considerably in excess of all comparable benchmark indices." The S&P 500 was up 4.06% while the MSCI World gained 4.06% last month.

"What makes the fund's returns even more compelling is that the Fund trounced the returns of the S&P 500 Index and comparable indices despite having only 34% of the portfolio invested in the equities market, and despite the fact that the Fund trades no derivatives and uses no leverage. That there will be a pullback in the equity market is certain. The extent and timing thereof is not. We will not try and guess. Rather, we will hold on to our portfolio, and selectively add to our holdings in the event of a pullback," the company added.

Background BGM employs a multi-disciplined event-driven strategy to identify mispriced, publicly traded corporate fixed income and equity securities. By investing in both fixed income and equities, BGM is able to identify mispriced securities across the different layers of a company’s capital structure.......................

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