Thu, May 5, 2016
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

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 funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n