Mon, Jan 26, 2015
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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r