Wed, Oct 7, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hankar relative value hedge fund (+3.8% YTD) awaits right credit opportunities to seize best value

Wednesday, August 22, 2012

Benedicte Gravrand, Opalesque Geneva:

HanKar Capital, a US based asset manager that invests in relative value and arbitrage strategies within the global equity and hybrid equity universe, announced that its flagship, the HanKar Partners Master Fund LP, was down 1.56% in Q2-2012 and up 3.81% YTD. That’s compared to the HFRX Relative Value index, which was down 1.39% in Q2 and up 2.12% YTD, and the HFRX Convertible Arbitrage index which was up 0.16% in Q2 and up 3.98% YTD (the HFRX Global Hedge Fund Index was down 1.87% in Q2 and up 1.22% YTD).

The HFRX Relative Value Arbitrage Index posted a gain of 0.06% through mid-August (2.22% YTD), Hedge Fund Research recently reported, as US yields rose sharply, with positive contributions from Convertible, Corporate Fixed-Income and Energy Infrastructure strategies, only partially offset by declines in positions in multi-strategy and Latin America fixed-income. The index lost 4% in 2011 but gained 7.6% in 2010 and 38% in 2009.

In a quarterly fund report, which an investor sent to Opalesque yesterday, Hankar Capital’s fund managers say that as they do not take un-hedged positions, the firm’s returns were unaffected by the European debt crisis and the tightening of credit spreads, and correlation to equities, interest rates, and other funds continue......................

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. 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

  4. A hedge fund strategy that seems to have fizzled[more]

    From The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i