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Alternative Market Briefing

Long US and Canadian equities, commodities and M&A offer opportunities for Canadian hedge funds

Wednesday, October 03, 2012

amb
Frank Maeba
From Komfie Manalo, Opalesque Asia:

Long US and Canadian equities, commodities, and M&A activities are the strategies that offer opportunities for Canadian hedge fund managers and investors, agreed participants in the latest Opalesque Canada Roundtable.

The Roundtable was sponsored by Kaufman Rossin Fund Services, an independent full-service provider of specialized administration services to the global financial community and the exchange group Eurex that took place in the offices of Deloitte in Toronto, Canada in September.

Asked to comment where do Canadian hedge fund managers and investors find opportunities these days, Frank Maeba, a Managing Partner and Co-founder at global macro fund Breton Hill Capital said that one of the strategies that his firm is currently looking at is long U.S. equities.

Maeba said, "We do have a good exposure to U.S. equities, including a number of higher beta sectors like financials and materials, and you could say we have a bit of a value bias regarding the stocks we buy. There are a couple of macro fundamentals underpinning our long view of equities, but also on a technical and sentiment basis you have the upcoming U.S. election, in addition based on institutional data, it ......................

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