Fri, Mar 27, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner