Thu, Jul 31, 2014
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. Opalesque Exclusive: Kyria Capital Management bets on women hedge fund managers[more]

    Bailey McCann, Opalesque New York: As hedge fund assets top $3 trillion, and long/short strategies get more crowded than ever, with every manager hunting for even the tiniest bit of alpha, a new firm has emerged that claims its own edge – women. A recent Rothstein Kass study showed women-owned a

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by