Sat, Aug 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Magnum: Hedge fund managers still confident of a bright 2014

Tuesday, February 25, 2014

Komfie Manalo, Opalesque Asia:

The Bahamas-based Magnum BGM Select Opportunities Fund outperformed the S&P 500 despite posting a "moderate loss" in January but managers are still confident of a bright 2014.

In its latest monthly report to investors, BGM Select said the fund was down 0.44% in January. This compares favorably with the S&P which lost 3.56% and the Hedge Fund composite index which lost 0.77%.

"Our moderate losses during the month were tempered by some solid performances on our short book, with our shorts in Cardtronics and Suncor Energy performing well. We believe our asset allocation across the capital structure will stand us in good stead as the market takes a breather from the high octane Fed-sponsored equity buying spree. We continue to seek opportunities to deploy your cash productively, but are not scared to be long cash during these times," it said.

BGM ended 2013 on a high note with 19.41% gains. The fund consistently generated positive results from September to December last year with 2.01%, 1.09%, 0.44%, and 1.26% profits in the last four months of last year.

Background BGM employs a multi-disciplined event-driven strategy to identify mispriced, publicly traded corporate fixed income and equity securities. By investing in both fixed income and equities, BGM is able to identify mispriced securitie......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest