Sat, Jul 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Midway Market Neutral Fund starts 2013 on a positive note after ending 2012 up 26%

Monday, February 18, 2013

From Precy Dumlao, Opalesque Asia:

The Midway Market Neutral Fund, managed by New York based fixed income fund manager The Midway Group, started 2013 on a positive note and was up 2.35% (est.) in January, compared to -0.70% for the Barclays Aggregate, 5.18% for the S&P 500 (Total Return) and 2.76% for the HFR Hedge Fund Index.

The fund closed last year up 26.69% (est.). Launched in May 2001, it has annualized 21.5% since then. It can be found in Opalesque’s A Square database.

The Midway Group, which managers $468m in AuM, gathers fixed income managers that provide investment strategies in hedged mortgage securities, focusing exclusively on the U.S. residential mortgage market. The investment strategy is to attempt to identify and purchase undervalued investment grade securities that are backed by prime and near prime mortgage loans, according to the fund’s report.

Midway’s Managing Director John K. E. Morris said in his recent letter to investors: "IOs were well bid for the month reflecting a back-up in rates. The Midway IO Index (MIOI) returned 14.87% for the month with lower coupon IOS’ out performing. The MIOI attempts to capture the un-hedged price behavior of the broad IO market in order to measure market beta. It is important to note that we do not seek to replicate the broad market in our investment strategy but instead......................

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner