Wed, Jul 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

LNG Capital flagship fund LNG Europa Credit Fund up +16% net in 2013

Tuesday, March 18, 2014

Bailey McCann, Opalesque New York:

2013 was a good year for London-based LNG Capital according to their latest investor letter, obtained by Opalesque. The flagship fund LNG Europa Credit is up +16% for net returns in 2013, a slight decrease from the 19.5% net return posted in 2012, but still placing the fund among top performers in European credit funds. The fund is an actively managed European credit fund focused on European corporate debt.

Fund managers say that so far, they've seen the emergence of two main themes for 2014 - specifically a move out of US equities and into global developed market equities, and an expectation for moderate US growth for the year despite the shift. "The logic behind this reallocation is that analysis points to the US being fully valued as a result of very strong performance last year," the fund writes.

On Europe, managers note that persistent unemployment and European quantitative easing are still effecting financial markets and those ramifications will continue to work their way through the system this year. Given the level of unemployment, LNG sees no reason for European rates to rise. Going forward, LNG is constructive on European credit. "We think emerging-market dislocations will continue to affect global risk appetite and therefore we want to be selective about entry points, and we look to selectively take advantage of dislocations as opportunities arise."

Fund assets from institutional, accredited, and retail inves......................

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag