Mon, Apr 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

David Rothberg: Investors cannot quite dispel a feeling that something just ain't right

Monday, April 15, 2013

Benedicte Gravrand, Opalesque Geneva:

The Friedberg Global Macro hedge fund is now closed to new investors, reports David Rothberg, a Canadian fund and risk manager, but the Niagara Discovery fund, a multi-strategy fund, remains open. Rothberg also comments on the weird current equity trend, the weak recovery and the potential bubbles in sight.

Friedberg Global-Macro Hedge Fund is closed to new investors The Friedberg Global-Macro Hedge Fund Ltd., which now has US$935.7m in AuM, was up 3.04% in March and up 6.77% YTD, annualising 16.7% since its December 2001 inception. The Cayman domiciled fund is a multi-strategy global macro fund managed by global macro investing veteran Albert Friedberg, co-founder of Toronto, Canada-based Friedberg Mercantile Group.

The Friedberg family is the Fund's lead investor, and Niagara Capital – also based in Toronto - is the international sales agent for the fund.

David Rothberg, Member of the risk management committee of the Friedberg Global Macro Hedge Fund since 1990, told Opalesque that in March, the fund had been "long U.S. TIPS and nominal bonds, bearishly positioned in oil, long housing, short Apple, long Google, long the Bank Of Ireland."

Although the Friedberg Global Macro Fund is closed, Rothberg adds, the Niagara Discovery fund is still open.

Niagara’s multi-strategy fund up 3.5% in March David Rothberg ......................

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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. 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

  3. 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

  4. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably

  5. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act