Tue, Sep 1, 2015
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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  5. Opalesque Exclusive: Foundation returns slide, but commitment to alternatives remains[more]

    Bailey McCann, Opalesque New York: Private and community foundations posted returns of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, according to the latest Council on Foundations–Commonfund Study of Investment of End

 

banner