Tue, May 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers January 2013

Profiles - AlphaParity, LidenGrove, Ascendiant Capital, Iken Capital speak about their funds

LindenGrove's new global macro hedge fund is positioned for relatively positive outlook

The LindenGrove Capital Master Fund is a fundamental fund launched last month in London, which pursues a combination of directional macro and relative value strategies.

We recently heard about a new London-based firm called LindenGrove Capital when French hedge fund seeder NewAlpha Asset Management announced it had invested in the firm's discretionary global macro hedge fund.

According to the announcement, the LindenGrove Capital Master Fund implements a wide array of discretionary global macro strategies within a multi-strategy, multi-manager framework, similar to the successful model run by the founder while he was at Nomura. The Fund allocates the capital dynamically between separate portfolios employing macro directional, directional relative value and pure relative value strategies on liquid markets and products. A systematic risk management framework is implemented to limit downside risks at both the individual and the fund level. Some of the instruments that are used include futures in rates as well as equity indices, OTC interest rate derivatives (swap or options), government bonds, credit indices, index options and foreign exchange options.

Launched on December 12th 2012, the Fund targets an absolute performance of 10-15% per annum with 8% annual volatility. It returned 0.28% (Class A USD) and 0.23% (Class B EUR) net that month. The primary performance contributors were, according to the fund's monthly report, a long position in FX volatility; long 2-year swap spread position in USD; short position in USD rate duration; and tactical directional trading around the fiscal cliff story both in FX and in equity indices.

Borut Miklavcic, founder and CIO of Linden......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. Opalesque Exclusive: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

 

banner