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Opalesque Exclusive: Friedberg Global Macro Hedge Fund up 7.91% in November (22.58% YTD), may re-open end of January
Friedberg Global Macro Hedge Fund was +7.91% for November (22.58% YTD). The global macro, multi strategy fund is managed by Albert Friedberg in Toronto and has US$334.7 million AUM. The fund remains temporarily closed; in an investor communication obtained by Opalesque, Friedberg says the firm hopes to reopen in late January. Friedberg was on the right side during the credit crunch; in another investor communication on its July 2007 returns (10.06%), Friedberg said that “the skepticism we have held since January was partially vindicated this month. Much of the return was attributable to crises in credit markets. We believe a widening of the crises is likely.
Contact: Michael Grant, NCP Securities Inc., +1-416 350 2898, mgrant@niagaracapital.ca
Amplitude Capital fund up +7.01% in November (37.91% YTD), adds seven new markets
London based Amplitude Capital, which trades "high highly liquid exchange-traded futures in-
cluding equity indices, foreign exchange and commodities/energies" in systematic, fully automated, quantitative strategies, achieved a +7.01% net return in November, bringing its YTD to 37.91%.
In an investor communication obtained by Opalesque, Amplitude said that on 1st November, equity markets reacted
abruptly to poor US economic prospects and saw most marke...................... To view our full article Click here
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