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From Sagar Chakraverty, Opalesque Asia:
Bramdean Alternatives (BRAL), a London-based listed fund which invests in private equity funds, hedge funds and specialty funds, issued its 30-Nov-2009 factsheet yesterday. The underlying unaudited performance in November was up 0.55% for the Sterling Share class and up 0.11% for the US Dollar Share class.
The stand-out performers during November were Paulson Advantage Plus Ltd, D.E. Shaw Oculus International Members Interest and Deephaven Global Multi Strategy Fund.
There were 22 holdings in the Bramdean's overall portfolio as at 30 November 2009. The portfolios with substantial mark-to-market securities have continued to benefit from revaluations driven by the current market recovery.
Bramdean's Hedge Fund performance was up 1.97% (+11.69% YTD) as optimistic market sentiment enhanced equity and credit markets and provided opportunities for all managers in the portfolio to profit.
In the scenario of buoyant market sentiments boosting liquidity, the firm sees higher risk levels across the portfolio. Although there exist excellent opportunities across many strategies, there may be potentially higher portfolio volatility in the coming months if there is renewed market volatility.
The Board of BRAL today announced the appointment of Aberdeen Asset Managers Limited (Aberdeen) as the investment manager of the company in place of Bramdean Asset Ma...................... To view our full article Click here
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