Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
New Managers January 2017

PERSPECTIVES - Relevant views and research

 

Gondor Capital manager thinks Trump will be good for U.S. economy

Gondor Capital Management, a New York-based hedge fund manager, has had a good year in 2016. Portfolio manager Vincent Au said that the firm's two hedge funds were both up: The domestic Gondor Partners LP posted a strong 26.53% in 2016 while the offshore fund Gondor Funds LTD was up 26.85%.

"I have been consistent in employing the same strategy for both funds," Au told Opalesque. "I invest in U.S. listed equities with an options overlay. There wasn't any one [particular] area I focused on."Since inception in July 2013, the Gondor Partners LP and the Gondor Funds LTD generated 64.25% and 37.52% respectively.

Trump administration positive for U.S. economy

While Au does not want to make bold predictions for his fund this year, he said that he believes that the incoming Donald Trump administration would be very positive for the United States economy.

He added, "I believe nominating successful business people who have a proven track record of creating jobs and positive net worth for their shareholders and employees a very positive event. If President-elect Trump can also pass corporate and individual tax reform as well as eliminate regulations that add nothing but create paperwork, these are also very positive items the financial markets can respond to."

Looking ahead, Au expressed confidence that his hedge funds can compete with mega funds and even outperform them. He said this could be achieved if he works very hard.No line space here (Full article by K. Manalo here.)

Estimating impact of asset growth on performance is paramount ......................

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

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1