Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Galloway Global Emerging Markets High Yield Fund up 12.76% YTD as at end November

Tuesday, December 11, 2012

From Komfie Manalo, Opalesque Asia:

Emerging markets investment boutique focused on active fixed income high yield strategies Galloway Global Emerging Markets Fixed Income Fund, managed by Galloway Capital Management, closed November up 12.76 year-to-date (-0.67% last month). Since inception in May 2009, the fund was up 52.46%.

The fund actually opened 2012 on a strong note and closed January up 5.40%, its strongest monthly finish this year. The fund was down -0.17% in March and -4.41% in May. The rest of the year, Galloway Global Emerging fund was on positive territory, 2,09% in February, 0.87% in April, 3.43% in June, 2.55% in July, 1.38% in August, 1.78% September, and 0.15% October in October.

In its Galloway Capital Management, monthly report to its investors, Galloway said the firm increased its allocation to Mexico from 14.5% to 17.8% this December, bringing it to the top of their country breakdown list.

The report added, "It’s worth mentioning Grupo Kuo, which tendered its 2017 notes and issued a new 2022, taking advantage of the liquidity in international markets and the general positive expectations (which we share) for the Mexican economy; it followed issuances by two other Mexican chemical companies, Mexichem and Alpek. Kuo now has three main operating divisions—chemicals, consumer goods, and automotive. Its chemical division contribu......................

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 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

  2. 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

  3. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  4. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  5. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity