Fri, May 26, 2017
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. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom