Thu, Apr 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BGM Select Opportunities Fund shows strong year with 16.15% gains YTD (+2.01% in September)

Tuesday, October 22, 2013

Komfie Manalo, Opalesque Asia:

The Bahamas-based Magnum BGM Select Opportunities Fund posted strong gains this year with a year-to-date gross return of 16.5% (+2.01% in September, according to its latest report to investors.

"September was another strong month for the fund," BGM said in the report. It added, "We saw strength across our equity portfolio, with gains by Visa and Radian. On the fixed income portfolio, our Investec Finance, Old Mutual PLC and Skipton bonds generated a positive contribution."

The strong returns generated by their portfolios boosted the hedge fund’s long term prognosis, it said.

"We continued to sit with more than half the fund in cash. We have de‐risked considerably as a result, but do not intend to sit with this much cash for too long. We have identified a number of interesting investment opportunities and are slowly starting to build up our positions. Given the current uncertainty in Washington, our focus on identifying sound investment opportunities seems more appropriate than ever," the report said.

BGM has been a consistent positive performer this year except in the months of June and August when it registered losses of -1.87% and -0.50% respectively.

The fund closed 2012 up 28.24% and started this year with a 1.52% gain in January. BGM Select ......................

To view our full article Click here

Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac