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Opalesque Exclusive: Bramdean's Strategic Hedge Funds portfolio up in January, NAV slightly down since Q3-09
From the Opalesque team:
Bramdean Alternatives' net asset value (NAV) per share for January was estimated at 83.50 sterling pence or $0.7774 (down from 84.02 pence and $0.7807 in September-09). Market Capitalisation was £68.6m (down from £78.01m in September 09).
Bramdean Alternatives Ltd is a Guernsey closed-ended investment company listed on the London Stock Exchange. The Company invests in a diversified portfolio of private equity funds, hedge funds and other specialty funds.
The Strategic Hedge Funds portfolio (portfolio holdings asset allocation of 9.7%) was up for January. It includes funds from D.E. Shaw, J. Paulson, King Street, and Deephaven. The multi-strategy manager registered a gain, driven by the rally in its airline related ABS positions. The global macro manager posted a loss, largely on poor performance of its relative value equity trades.
The portfolio's commitment cover which includes cash and the strategic hedge funds was 89.9% at the end of the month.
Bramdean remains committed to 16 private equity funds (portfolio holdings asset allocation of 49.8%), with commitments totalling $213.9m. No new commitments were made during January. The portfolio also holds two specialty funds, one of which, Aarkad, remains suspended.
On 19 November 2009, the appointment of Aberdeen Asset Managers Ltd as...................... To view our full article Click here
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