Sun, Mar 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Deer Park Road’s mortgage fund up 23.5% YTD, closes to new investors

Monday, November 19, 2012

Benedicte Gravrand, Opalesque Geneva:

A U.S. distressed real estate fund is doing very well so far this year, and its manager believes there are still opportunities in the mortgage market. And after receiving inflows of some $40m, the fund will close to outside investors on December 1st.

The STS Partners Fund, which invests in MBS and ABS, returned 3.02% net in October, compared to -1.85% for the S&P 500 TR (total return). The Fund is up 23.55% YTD versus 14.29% for the S&P. And since its May’08 inception, the Fund has achieved a compound annualized ROR of 30.41% versus 2.69% for the S&P 500 TR.

The HFRI Fixed Income-Asset Backed index is up 1.25% (est.) in October, up 14.35% YTD. And the HFRX Fixed Income-Credit Index is up 0.23% (est.) and up 5.04% YTD.

The Fund invests through fundamental analysis and security selection without using leverage, by focusing on deeply discounted, shorter-term, high cash flow MBS/ABS. It is currently in Opalesque’s ASquare database. It is managed by Deer Park Road Corporation, a Colorado-based multi-fund investment manager focused exclusively on investing in distressed real estate and asset backed fixed-income securities.

According to a monthly fund report sent to Opalesque by an investor, October’s performance was essentially a repeat of September (+3.97%), where......................

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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He