Thu, Jul 28, 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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe