Thu, Apr 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Canadian manager Humber Global launches new higher-net version of long-short global equity fund

Tuesday, August 27, 2013

amb
Gary K. Ostoich
Benedicte Gravrand, Opalesque Geneva for New Managers:

Toronto, Canada-based alternative investment manager Spartan Fund Management Inc. reported yesterday that Humber Global had launched a higher-net version of their long-short global equity fund, the Humber Global Opportunity Fund. The new fund will typically have net market exposure of approximately 50% (+/- 25%).

The Humber Global Preservation Fund, with the original net market exposure of 15% (+/- 10%), will continue to be offered via managed accounts, the announcement says.

The Humber Global Opportunity Fund is managed by John Durfy, who previously was a Managing Director at a public pension plan, and Rob Durfy, previously senior equity analyst and associate portfolio manager.

John Durfy said he "soft launched" a fund with a net exposure of around 50% and a slightly lower gross exposure than the original fund in response to many retail investors’ demand for higher returns.

From mid-April to end-July, the new fund returned 4.66% (est.) when the MSCI returned 3.11%.

The two version’s underlying strategy is benefit from hedged equity exposure to a concentrated group of mid- and large-capitalization global developed-market companies.

The Humber Global Fund is on Spartan's platform. Gary K. Ostoich, President of Spartan Fund Management ......................

To view our full article Click here

Banner
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. Opalesque Exclusive: European stock-picking fund up 19% YTD, bets on small caps’ high cash level[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Here is a European long/short equity fund that has been beating the odds since its 2008 inception by employing its own investment model, frequent company visits

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque TV: First Trust Advisors launches liquid alternatives platform[more]

    Bailey McCann, Opalesque New York: First Trust Advisors is launching a new liquid alternatives platform aimed at building on the companies existing alternative ETFs offering by adding hedged mutual funds. Senior Portfolio Managers Rob Guttschow and John Gambla recently sat down in an

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo