Sun, Mar 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Blackstar Special Opportunities Fund celebrates one-year anniversary with double-digit returns

Monday, October 07, 2013

amb
Benedicte Gravrand, Opalesque Geneva, for New Managers:

A South African multi strategy hedge fund that combines high conviction special opportunity positions and other diversified investments, ends its first 12-month period on a high note.

The Blackstar Special Opportunities Fund was launched in October 2012. It returned 3.37% that year and is currently up 11.10% YTD (to end-August). And according to the portfolio managers, the fund gained an estimated 4% in September, giving it a net return of 20% for the first 12 months.

The Special Opportunities Fund is managed by Blackstar Fund Managers (Pty) Ltd., a subsidiary of Blackstar Group, a listed investment holding company. It invests in multi asset classes across multi-currencies, that takes on long and short positions with some leverage across diverse exposures with core long term theme holdings. The fund blends fundamental and technical analysis and uses quantitative screening especially for liquidity. It usually holds up to 25% exposure to foreign currency stocks and bonds, including a 7.5% holding in the Blackstar’s Global Opportunities Fund, a USD multi-strategy fund that invests exclusively outside of South Africa. Fees are 1.25% for management and 20% for performance.

The portfolio managers are Stephen Pratt, who managed his own hedge fund shop called Radcliffe Capital (2003-2012); Andrew Bonamour, ex-Brait S.A., the founder of Blacksta......................

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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie