Sun, Apr 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Zenith believes Aussie market neutral funds offer out-performance and diversification across the board

Monday, February 11, 2013

Beverly Chandler, Opalesque London: Australian investment researchers, Zenith Investment Partners have published their 2013 Equity Market Neutral Review. The firm examined seven of what they consider the best of the market neutral funds offered to Australian investors.

Zenith believes that one of the key strengths of the sector is the range of different strategies market neutral funds can employ, with the funds they cover investing as quantitative managers, fundamental stock pickers and a relative value strategy. Daniel Liptak, Head of Alternatives at Zenith Investment Partners explains: "This results in a list of funds which have limited correlation to the broader equity market, but also importantly, limited correlation to each other."

Liptak quotes George Soros "It is not whether you’re right or wrong that’s important, but how much money you make when you are right and how much money you lose when you’re wrong" in his review of the sector. Liptak believes that Australian market neutral funds provide capital preservation and more reasonable participation in alpha than the average long only Australian equity fund but also, he writes, they are among the best performing strategies globally.

As a group, the Zenith Investment Grade Market Neutral Funds 2013, returned a cumulative return of 246.94% in the 10 years to October 2012 (net of fees). Over the same time the broad Australian market has returned 128.17%......................

To view our full article Click here

Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo