Sat, Feb 28, 2015
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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie