Sat, Oct 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Magnum event driven fund outperforms benchmarks with 17.76% gains YTD

Wednesday, September 19, 2012

From Komfie Manalo, Opalesque Asia:

Bahamas-based Magnum BGM Select Opportunities Fund (CSOF) outperformed all its benchmarks by a "considerable margin" in August 2012 by maintaining the portfolio it has built for several years.

In its monthly report to investors, Greg Bortz said that the fund returned +3.07% in August (Class A) and +17.76% YTD, against the S&P 500 which gained +1.98% (+11.85% YTD) and the MSCI World at +2.29% (+8.17% YTD). This share class has returned 57% since its Nov.’08 inception. Mr. Bortz co-founded CREO, the Lost-Angeles-based financial group that runs the fund, and leads its investment management business. U.S.-based asset manager Magnum Funds represents the fund.

CSOF is an opportunistic long/short fund which embraces an event-driven, multi-disciplined strategy to identify pricing anomalies in publicly traded securities.

The Hennessee Arbitrage/Event Driven Index advanced +1.05% (+5.30% YTD) in August.

Bortz said, "We continue to analyze our investments to ensure that the fundamental theses remain intact and that the......................

To view our full article Click here

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t