Thu, Sep 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hyphen’s long/short equity hedge fund (38.8% in 2012) positioned to profit from coming emerging market storm

Monday, January 21, 2013

Benedicte Gravrand, Opalesque Geneva:

The portfolio manager of Hyphen’s long/short equity hedge fund believes there is a lose-lose situation for emerging market investments, which presents tremendous opportunity.

Hyphen Partners L.P. was up 38.8% in 2012 (compared to 16% for the S&P500 index and 8.21% for the Dow Jones Credit Suisse Long/Short Equity Hedge Fund Index), after returning -16.6% in 2011, 8.6% in 2010 and 25.8% in 2009. The $9.2m fund, which was launched in January 2009, is a concentrated long/short equity vehicle that invests in highly liquid securities typically over a three-five year time period, and regularly takes positions in macro and credit markets.

According to the fund’s latest monthly report, it identifies and captures large opportunities in publicly traded securities, which include (1) valuation discrepancies in companies misunderstood or underappreciated by Wall Street, (2) uneconomic selling deriving from corporation actions (restructuring, spinoffs, carve-outs) that temporarily depresses price and misdirects perceptions of long-term value, and (3) macroeconomic cycles misunderstood by the consensus.

Vijai Mohan, founder of San Francisco-based Hyphen Fund Management LLC and portfolio manager of the fund in question, told Opalesque that the fund is generally positioned along ......................

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner