Wed, Oct 22, 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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t