Tue, Jul 29, 2014
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. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass