Fri, Aug 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

AM Capital confident of alpha in next 36 months as fund gains 12% through April

Tuesday, May 20, 2014

Komfie Manalo, Opalesque Asia:

Chicago-based hedge fund manager AM Capital Advisors is confident its fund can generate alpha in the next 36 months. AM Advisors President Aaron Miller made the statement as the long/short U.S. equity fund generated 12% gains through April (+3.89% month-to-date) versus the DOW index +0.05%, (+0.74% MTD), NASDAQ -1.09% (-2.49% MTD), and the S&P 500 index at +2.06% (+0.53%. MTD).

He said in an interview, "We’re not bearish, we just think its going to be difficult with for big advances because [Janet] Yellen would put the brakes on by raising rates. If one were to have this opinion, we feel concentrated positions with a realistic catalyst combined with selling derivatives is a good strategy for a market that might not appreciate significantly anytime soon. We feel this provides the best risk reward by essentially locating companies that are trading at a significant discount to their peers and overall market and shorting companies that are trading at overvalued multiplies compared to their peers and the market."

Since inception in July 2009, the hedge fund returned 137.99% versus the DOW index 96.28%, NASDAQ 122.87%, and the S&P 500 index at 104.59% during the same period.

Miller explained that decent stock selection, selling derivatives wisely, and re-allocating positions once the risk reward changes due to price movements, were all factors that affected the fund’s perform......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest