•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Opalesque Exclusive: ACM funds report up to 22% losses in September, `severely impacted by a combination of factors since the resignation of Mr Homm` Absolute Capital says the performance of a number of the funds has been severely impacted by a combination of factors since the resignation of Mr Homm, in particular:

•      The tightening of  the funds’ prime brokers margin requirements which resulted in the forced sale of portfolio assets at prices below those which the portfolio managers would have otherwise expected to receive (NB all funds are within their margin requirements);
•        Attacks by market participants on the funds’ known or suspected investment positions (both ‘liquid’ and ‘illiquid’) driving pricing of these assets down; and
•       The steep decline in the value of the ACMH shares held within three of the funds as a result of the 31st August share transfer by Mr Homm.

Fund (Euro Class)......................

To view our full article Click here