Fri, Jun 23, 2017
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. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is