Thu, Mar 5, 2015
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

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. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. 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

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. 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

  5. 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