Thu, Sep 29, 2016
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

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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style