Wed, Jul 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund Agilith North American Diversified Fund ends Q1-13 up 11.4% on strong markets

Monday, April 29, 2013

From Precy Dumlao, Opalesque Asia – Toronto, Canada-based Agilith North American Diversified Fund which is managed by Agilith Capital, ended the first quarter of the year up 11.4% (+1.1% in March) on strong market equities.

In its monthly report to investors, Agilith said 2013 started with a solid market rally as some of the overriding macro risks ended up having a limited impact on markets. In the first quarter of this year, the Dow Jones Industrial Average and S&P rose by 12.0% and 10.7% respectively, while the TSX, hurt by the underperformance of energy and materials, rose by 3.4%.

"Probably one of the most significant developments influencing broad capital flows has been the demonstrated commitment of both the Japanese government and the Japanese Central Bank to take actions to fight deflation," Agilith said and added, "The result has been downward pressure on the Yen, and Treasury yields, which has resulted in the flight of capital to higher yields elsewhere. The Nikkei rose almost 25% this past quarter and in our view the actions within Japan have also spurred demand for U.S. Treasuries, (the U.S. 10‐year treasuries carry a 110 basis point premium relative to Japan’s 10‐year note)."

The hedge fund is looking at corporations to offer an excellent position to take advantage of inexpensive debt. It added that on the aggregate, corporations continue to carry combined cash levels near 50‐yea......................

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. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass