Fri, Apr 20, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Guggenheim takes a closer look at event driven managers

Thursday, October 17, 2013

amb
Charles Stucke
Bailey McCann, Opalesque New York:

Charles Stucke is the Chief Investment Officer of Guggenheim Investment Advisors. He joined the firm in 2006, after building a career as an investment banker. Within his role at Guggenheim he oversees a suite of fund of funds and a hedge fund platform. In a recent Opalesque TV interview, he noted that the firm is shifting its focus, to look at more event driven managers for opportunities over the next two to five years.

"Mid to late 2012, earnings began to mean revert, ROEs began to fall, and yet at the same time, credit prices, or the cost of financing remains very low. So we believe that corporate CFOs would be very tempted to use leverage and do other types of corporate event transactions to maintain or continue to grow earnings and ROEs in an environment that’s becoming increasingly competitive for them. These events include things like restructurings, shared buybacks, recapitalizations and mergers and acquisitions," he explains.

Going forward, investors that are looking to capture the same rate of return from their allocations to equities or fixed income will face some challenges. For Stucke, this means refining focus – "where do you go? You have to find more specific and more active uses of risk to be able to bridge that return goal. So we are looking in places like event strategies, we are looking in long-short equity, we a......................

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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its