Sat, Sep 23, 2017
A A A
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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3