Sun, Jul 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

New real estate long/short fund up 8.5% YTD by capitalising on mis-priced securities

Friday, November 22, 2013

amb
Rick Murray
Benedicte Gravrand, Opalesque Geneva for New Managers:

Midwest Advisors, a new asset manager located in St. Louis, Missouri, was founded by Rick Murray, an ex-manager at Hovde Capital Advisors LLC, who wanted to capitalize on 15 years of experience analyzing and investing in real estate sector equities.

"I founded my firm in 2013 after spending six years at another long/short equity hedge fund manager that was focused on financial services and real estate," he tells Opalesque. "The timing was such that I had the opportunity to pursue my entrepreneurial ambitions and start my own firm."

Midwest now manages three traditional strategies and two alternative strategies – both long/short equity. The biggest one is the Dynamic Opportunities Portfolio; a $4m managed account which invests in the real estate sector, including REITs, REOCs, homebuilders, developers, residential and commercial construction companies, and real estate services companies. The portfolio, which was launched in January 2013, is up 8.5% YTD (net), and is listed in Opalesque’s EManagers database.

"The strategy is a real estate sector focused long/short strategy investing in public equities," Murray explains. "The investment philosophy is deep value on the long side where we are looking for v......................

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. Little-known cryptocurrency hedge fund seeks $200m in SEC filing[more]

    From Coindesk.com: A little-known, newly established hedge fund is seeking to raise $200m to invest in cryptocurrencies, according to regulatory filings. The bid by Cryptocurrency Fund LP to raise the money was revealed in a Form D submission to the US Securities and Exchange Commission (SEC), dated

  2. FinTech - Bitcoin hedge fund director: ICOs are having a 'eureka' moment, Big data and analytics: Not just for quants anymore, Data breach of a single firm impacts systematic risk (and cost of capital) for the firm's entire sector[more]

    Bitcoin hedge fund director: ICOs are having a 'eureka' moment From Coindesk.com: The director of one of the first bitcoin hedge funds offered praise for initial coin offerings (ICOs) today, arguing in an investor note that the novel fundraising method is already showing signs of

  3. Already above average, Singapore high-networth investors add hedge funds and alternative investments[more]

    Komfie Manalo, Opalesque Asia: An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017

  4. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  5. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass