Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

GFIA reports that October was positive for Asian markets

Tuesday, November 05, 2013

Beverly Chandler, Opalesque London:

In their October performance notes on hedge funds in Asia Pacific, GFIA reports that Asian markets rebounded over the month on the perception that the Fed is kicking the tapering can down the road. MSCI Asia ex Japan surged 5.6% while the AsiaHedge Asia ex Japan pocketed half that return, the firm writes.

"September was a positive month for most Asian local bond markets. AHP Asia Credit Opportunity Fund (1.6%) benefited from the portfolio manager’s decision to reduce its cash position, and increase gross spread exposures by adding cash bond investments in selected sectors. Bluewaterz (0.6%) saw a 1.0% contribution from its credit positions whereas the credit hedge position dragged down the performance by -0.4% amidst the market rally. Saka (0.4%) had a relatively flat month despite the market rally and outperformance from its new position in the Indonesian Sukuk (dollar-denominated Islamic bonds)."

GFIA found that event-driven strategies continued their strong outperformance in September, with many of the managers continuing to deliver respectable returns. "Late stage, hard catalysts transactions have contributed handsomely to Athos Asia Event Driven (1.24%) fund which continues to see a high gross exposure (360%) given the expected healthy number of M&A closures over the remainder of the year. York Asian Opportunities (2.0%) continues to churn out remarkable returns from their speci......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1