Fri, Nov 27, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

A concentrated portfolio pays dividends for Maglan Capital

Tuesday, October 29, 2013

Steven Azarbad
Beverly Chandler, Opalesque London:

Event driven investment fund Maglan Capital saw funds increase in value by 2.51% (net of all fees) during the month of September. Over 2013, Maglan Capital has gained 34.28%, and over the most recent 12 months, Maglan Capital has gained 59.33%.

This performance is against a backdrop of September’s S&P 500 Total-Return Index being up 3.14% and the Dow Jones Credit Suisse Event-Driven Index gaining 1.45%, while over 2013, the S&P 500 Total-Return Index is up 19.79% and the Dow Jones Credit Suisse Event-Driven Index has gained 10.17%.

In a recent investor’s letter, Steven Azarbad and David D. Tawil of Maglan Capital explained their strategy, saying that a lot of things makes their firm different. "Although individual elements of our focus, strategy, portfolio and risk management and investing edges can be found in various industry participants, we think that Maglan is the only place where each of these elements (and a few elements that can’t be found anywhere) comes together" they wrote.

"We make no secret about the fact that we firmly believe that in order to outperform the general market (especially today’s equity markets; we aim for 15-20% net of fees on average over each corporate high-yield issuance and default cycle), investments must be made in a concentrated manner (we’re not shy to put on 20% positions). And, in order to have the conviction necessary to inves......................

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November