Sun, May 1, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n