Tue, Jun 27, 2017
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. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  2. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  3. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.

  4. Barclay Hedge Fund index gains 0.50% in May, 4.13% YTD[more]

    Hedge funds gained 0.50% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.13% in 2017. The Barclay Hedge Fund Index has now been profitable for seven months in a row, with a cumulative gain of 6.10%. The Barclay Technology Index has gained 12.27% in the fi

  5. ...And Finally - Nighttime barbecue festival in downtown Memphis![more]

    From Newsoftheweird.com: On May 19, Carl Webb and his wife left a nighttime barbecue festival in downtown Memphis and headed home. They drove 14 miles on an interstate highway before a police officer pulled them over to ask if Webb knew there was a body on his trunk. The man was clinging to the lip