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Alternative Market Briefing

Hedge fund AM Capital achieved double digit returns in February

Tuesday, March 06, 2012

From Precy Dumlao, Opalesque Asia:

Chicago-based hedge fund manager AM Capital Management LLC which specializes in hedge fund investment strategies for qualified institutional and individual investors, continued its winning streak in February and was up 12.78% "taking advantage of quality stocks" versus the DOW index + 2.52%, NASDAQ + 4.83%, and the S&P 500 index at + 4.05%.

The fund started 2012 with a strong 21.19% gains in January after taking advantage of "deeply discounted prices in specific companies".

Since its inception on July 1, 2009 the fund achieved gains up 54.21% return over a 32 month period as of the end of February 29, 2012 versus the DOW index 53.33%, NASDAQ 60.70%, and the S&P 500 index at 48.31% over the same period of time. Neither of these returns includes additional dividends that may also have been distributed.

AM Capital President Aaron Miller said in an interview with Opalesque that the firm believes that from a reward standpoint, those quality stocks offered them some upside. "Also February was a rare month as some of our shorts went down, but some also went up so being short wasn't overly expensive in a rising market," Miller said.

He continued, "On the micro front our position is that earnings will still hold up however AM Capital will not be surprised if the market moves sid......................

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