Fri, Nov 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers December 2013

Fund Profiles: Midwest Advisors, Strategis, Monte Capital, SA2

New real estate long/short fund up 8.5% YTD by capitalising on mispriced securities Benedicte Gravrand, Opalesque Geneva Rick Murray

Midwest Advisors, a new asset manager located in St. Louis, Missouri, was founded by Rick Murray, an ex-manager at Hovde Capital Advisors LLC, who wanted to capitalize on 15 years of experience analyzing and investing in real estate sector equities.

“I founded my firm in 2013 after spending six years at another long/short equity hedge fund manager that was focused on financial services and real estate,” he tells Opalesque. “The timing was such that I had the opportunity to pursue my entrepreneurial ambitions and start my own firm.”

Midwest now manages three traditional strategies and two alternative strategies – both long/short equity. The biggest one is the Dynamic Opportunities Portfolio; a $4m managed account which invests in the real estate sector, including REITs, REOCs, homebuilders, developers, residential and commercial construction companies, and real estate services companies. The portfolio, which was launched in January 2013, is up 8.5% YTD (net), and is listed in Opalesque's EManagers database.

“The strategy is a real estate sector focused long/short strategy investing in public equities,” Murray explains. “The investment philosophy is deep value on the long side where we are looking for very out-of-favor and mispriced securities where we believe we have an informational advantage to bring to bear, and in the form of very detailed fundamental analysis whereby we derive our own estimate of the companies' net asset value. From there we are able to determine the degr......................

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. Tourbillon Capital, a $3.4bn hedge fund that's been sounding the alarm about 'frothy speculation,' is suffering big losses[more]

    From Businessinsider.com: Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering. The firm's flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 to a loss of 10.6%, according to a note to investors s

  2. Fund Profile - The Tiger of Silicon Valley: Glen Kacher's sizzling hedge fund[more]

    From Forbes.com: When you live and work in a town where the median home costs $2.7 million and hobnob with the executives of billionaire factories like Facebook and Tesla, it's easy to see why you might think technology stocks are invincible. So far in 2017, the Nasdaq Composite index has gained 25%

  3. Launches - Asset manager launches Europe's first bitcoin mutual fund, Prime Capital Aviation Debt Fund enables aviation debt investments for institutional investors[more]

    Asset manager launches Europe's first bitcoin mutual fund From Coindesk.com: A French asset manager has announced the launch of Europe's first mutual fund centered around bitcoin. Announced today, Tobam's alternative investment fund perhaps represents the latest bid to attract institutio

  4. Legal - Consumers say hedge fund financed illegal tribal lending, New York's highest court permits shareholder of a Cayman-incorporated company to bypass Cayman law and bring derivative action in New York[more]

    Consumers say hedge fund financed illegal tribal lending From Law360.com: Vermont residents on Tuesday hit a hedge fund with a proposed class action in federal court alleging it helped concoct a sham tribal payday lending scheme meant to skirt laws preventing companies from charging cons

  5. Investing - Tech still hedge funds' sweetheart sector: Goldman Sachs, Hedge funds haven't been this leveraged to buy stocks since the bull market began, Top financials hedge fund details short bet against Morningstar, Fund CRC presents an offer for Carige's consumer credit unit, Hedge funds sell shares in Altice USA after difficult quarter[more]

    Tech still hedge funds' sweetheart sector: Goldman Sachs From Reuters.com: Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and l