Fri, Sep 19, 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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big