Sat, Aug 27, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new