Sun, Nov 23, 2014
A A A
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

amb
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. Regulatory - Stringent rules for hedge funds make the financial system fragile[more]

    From FT.com: …It is one thing to impose a regulatory burden when there is a clear need to do so. Banks are underwritten by taxpayers via deposit insurance as well as the too-big-to-fail safety net; they need to be reined in, and if they shrink as a result, that may be welcome. But it is another thin

  2. Investing - Apple: Hedge funds are crazy about it, Greenlight Capital took stake in Citizens Financial after IPO, Tiger Global added to Hertz, exited Dollar General last quarter, Oberweis sells NQ Mobile stake as Valiant adds shares, Whitney Tilson sticks to losing bet on MagicJack shares, Brigade Capital backs €90m Quinn sale[more]

    Apple: Hedge funds are crazy about it From Techinsider.net: Apple Inc. is still the most popular stocks among hedge funds. According to a recent report by hedge fund tracking site Insider Monkey, more than one out of 5 hedge funds are invested in Apple Inc. At the moment there are

  3. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  4. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  5. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca