Tue, Sep 27, 2016
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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  5. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco