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From Kirsten Bischoff, New York: The Friedberg Global Macro Hedge Fund, is run through Toronto based Niagara Capital Partners, by Portfolio Manager, Albert Friedberg. The Fund, which has approximately $425m in assets under management, has been closed since July 2007, and Opalesque recently discovered, is open again with limited capacity until the end of May 2008.
Down 1.04% for March, Friedberg's fund gained 16.42% for the first quarter of 2008 and the year-after-year performance shows a gain of 51.9%. In documents obtained by Opalesque, Friedberg refers to the first quarter of this year as an extension of the good fortunes of the previous one, and when speaking of the overall market conditions he sounds one might say, almost giddy, referring to a "once-in-a generation financial crisis".
On Thursday, during an update call with Friedberg and Niagara Capital Chairman David Rothberg, listeners were given the opportunity to catch a candid glimpse into "the macro mind", and hear about the current and future market environments from this point of view.
Once-in-a generation financial crisis
Friedberg began by offering an in depth opinion of the current credit crisis. Without ever saying we are definitively experiencing a recession, he did point out that whether or not back to back negative quarters occur allow people to classify this as such, it certainly feels as though the economy is in recession. Expressi...................... To view our full article Click here
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