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Alternative Market Briefing

Hedge fund LJM Partners’ funds generate positive returns through February

Wednesday, March 12, 2014

Komfie Manalo, Opalesque Asia:

LJM Partners’ funds, the LJM Moderately Aggressive (Cayman Islands) and LJM Preservation and Growth Fund (European onshore) maintained positive growths through February despite another bout of intense upward movement, Kelly McKean of LJM said.

The LJM Moderately Aggressive (Cayman Islands) was up 1.81% year-to-date (-1.29% in February) and LJM Preservation and Growth Fund (European onshore) gained 1.30% YTD (-1.50% in February).

"The S&P 500 gained 4.31% in February to end at a new all-time high. As we know from LJM’s past performance including 2013, the strategies can profit in up markets, but will suffer during periods of strong momentum, especially coupled with low volatility levels," McKean added.

However, looking at the bigger picture, McKean said equity markets are in the midst of the fourth strongest bull market of all time that began in 2009. With the exception of 2013, LJM’s Moderately Aggressive and Preservation & Growth strategies have been profitable each year of the current bull market.


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