Mon, Jul 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

2014 a year for superior stock picking

Monday, February 10, 2014

amb
Marty Sass
Benedicte Gravrand, Opalesque Geneva:

What a change this year brought to the U.S. stock markets. After gaining almost 30% in 2013 relatively smoothly, the S&P 500 lost 5.8% from its Jan. 15 record of 1,848.38 through Feb. 3. However, trading recent data shows some investors have been unconvinced that turmoil in emerging markets and signs of slowing growth in the U.S. and China would lead to lasting declines in the index, which had its biggest two-day rally since October on Feb. 6 and 7, reports Bloomberg.

Marty Sass, an investment veteran and CEO of New York-based investment house M.D. Sass, counts among his funds a few alternative strategies, including Maximus Partners, LP. This long/short equity hedge fund, which invests mostly in U.S. public equities, returned 2.5% in December and nearly 35% in 2013. According to him, 2014’s gains will moderate and the stock market will be choppier.

Undervaluation in 2013 With inflation declining, global economy expanding and massive unprecedented monetary stimulus, the fund’s managers increased their equity exposure throughout 2013, as well as their concentration in the largest positions that had the best risk-reward profiles.

"We carefully concentrated in our highest conviction stocks, which had very compelling upside and not that much downside," Sass explains to Opalesque......................

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro