Thu, Jul 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Chenavari’s multi-strategy fund enjoys strong growth over 2013

Thursday, August 22, 2013

Beverly Chandler, Opalesque London:

Chenavari Investment Managers’ multi-strategy fund is up 11.79% to end July this year. The Multi Strategy approach profits from opportunities across Corporate Credit, Financials, ABS and Real Estate Debt. The fund's multi-strategy share class (MS2) allows investors to benefit from a dynamic allocation within European credit opportunities, the firm writes.

Commenting on the month’s performance, the firm writes: "Following the sharp selloff in Jun/13 July was a month of normalisation. In July we had further evidence of global economical activity firming up with leading indicators in Europe and USA climbing higher. The slowdown in China seems to have stabilised with export and import figures bouncing off the lows which also contributed to a better tone in the markets. Towards the end of the month the short squeeze had erased all widening occurred in the previous month while the US Equity market reached new highs."

While stockmarkets, Eurostoxx and S&P ended the month at +6.36% and +4.95% respectively, in Credit, iTraxx Main 5Y tightened 20bps to close the month at 100bps and CDX IG 5Y tightened 10bps to close at 76bps."Such a positive tone was exacerbated by a good earnings season and spilled effortlessly into the European ABS market. Indeed, spreads moved tighter across the board in spite of muted activity induced by the summer lull. Latest changes of the ECB collateral f......................

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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  3. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  4. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  5. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

 

banner