Sun, Jul 24, 2016
A A A
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New