Thu, Oct 19, 2017
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad