Mon, Oct 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

ArbitrOption up almost 39% YTD as event driven hedge fund strategy generally enjoys positive quarter

Tuesday, April 30, 2013

amb
Heath Winter
Benedicte Gravrand, Opalesque Geneva:

A small U.S.-based event driven fund outperformed its peers this quarter, just as the event driven strategy generally enjoyed a positive first quarter. Furthermore, many agree that the outlook for this strategy this year is bullish.

ArbitrOption's event driven strategy rose 38.97% in the first quarter of 2013, compared to the S&P500’s 10% and the Dow Jones Credit Suisse Event-Driven Index’s return of 4.78%. ArbitrOption's strategy is up 487% since its August 2009 inception.

Heath Winter, ArbitrOption’s managing partner and portfolio manager, explains to Opalesque that the top five contributors to ArbitrOption's outperformance in Q1 were positions in Acme Packet (APKT), Focus Media (FMCN), Penn National Gaming (PENN), Heinz (HNZ), and Robbins & Myers (RBN). Each of these firms is or was in the midst of a corporate event in Q1, he notes, and ArbitrOption "profited by taking on call and put options positions that were designed to provide a better return for every dollar risked than what was available through trading the common stock in these names." The strategy’s AuM is under $10m.

Promising times The average hedge fund closed the first quarter of the year up 3.35% after long/short and event driven strategies enjoyed particularly promising periods, ......................

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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad