Mon, Apr 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

RiverCrest Global Equity Fund up 13% YTD, managers expect further market gains in near term

Friday, June 07, 2013

Benedicte Gravrand, Opalesque Geneva:

The RiverCrest Global Equity Fund's USD share class is up +12.98% YTD after returning +3.52% in April, compared to a rise in the MSCI AC World index of 2.60% that month.

This is also compared to the Hennessee Long/Short Equity Index, which declined -0.17% in April 2013 (+5.71% YTD), while the S&P 500 advanced +1.81% (+12.02% YTD), the Dow Jones Industrial Average increased +1.79% (+13.24% YTD), and the NASDAQ Composite Index climbed +1.88% (+10.25% YTD).

The RiverCrest Global Equity Fund is a long/short global equity fund which focuses on large cap and liquid securities and which seeks to identify and invest in core secular themes across global equity markets. The investment style employs both a fundamental and a technical approach. The Cayman-domiciled fund is managed by Alastair MacLeod and Peter Simon at London-based RiverCrest Capital, and has returned 18.46% since its October 2011 inception. It is part of Opalesque's Emerging Managers database.

According to the fund’s monthly report, seen by Opalesque, the April returns were largely derived from the Japanese book, which contributed 3.83% (gross). Positions in the financials were also beneficial, thank......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner