Wed, May 27, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1

Thursday, April 27, 2017

Komfie Manalo, Opalesque Asia:

Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintained their strong performances in the first quarter of 2017.

"I believe that the market would face stiff challenges in the remainder of 2017," Au said in his monthly report to his investors. Gondor Partners LP gained 7.93% while Gondor Funds LTD returned 7.29% in the first quarter of 2017, beating their benchmark, with the HFRI Equity Hedge gaining only 3.62% during the same period.

Au commented, "The performances of the funds were continually anchored by investment selection and the discipline of the strategy itself. I am though cautious about valuations overall as I am hard pressed to find any sectors that are undervalued. I believe caution is warranted and discipline to adhere to my investment strategy and a strict focus on fundamentals more crucial at this point."

Since its inception in May 2013, Gondor's onshore fund has generated a cumulative return 77.20% compared to HFRX Equity Hedge which returned 7.03% and the Barclays HFI which posted 19.20% during the same period. The Gondor Funds LTD has a cumulative return of 47.54% since its launch in July 2013, while the HFRX Equity Hedge and the Barclays HFI posting 8.20% and 19.99% respectively in the same period.

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Tiger Global tops the list US-based venture capital market[more]

    Laxman Pai, Opalesque Asia: Tiger Global Management holds on to its position as market-leader in US-based venture capital, said a study. According to Preqin, the closure of tech-focused Tiger Global Private Investment Partners XII in January means the New York-based firm has raised more than

  2. Tech: Fintech startup Brex closes $150m in pure venture funding amid recession[more]

    From Business Insider: Brex, the 3-year-old fintech unicorn, raised an additional $150 million in equity funding from existing investors and Lone Pine Capital, the company announced Tuesday. The cash infusion raised the startup's valuation to "around the $3 billion mark," cofounder and co-CEO Henriq

  3. PE/VC: Venture debt set to take prominent role, Building out Goldman Sachs's private-equity business[more]

    Venture debt set to take prominent role From PE News: Venture debt financing could be having its moment as the equity market becomes less friendly to start-ups. About $10bn worth of venture debt deals were made this year as of 21 April, a pace set to eclipse the roughly $25bn in such de

  4. Study: Emerging market bond issuers take hit as global recession deepens, The coronavirus pandemic could cost the global economy a nightmarish $82tn over 5 years, a Cambridge study warns[more]

    Emerging market bond issuers take hit as global recession deepens Increasing credit stress evident amongst many high-yield EM non-financial corporates as coronavirus disruption takes its toll, says Moody's. 74 out of 106 rated EM sovereigns have a stable outlook as of 30 April 2020 (compa

  5. Investing: Singer bets on Europe, emerging markets, Britain's unhealthy appetite for financial risk in essential services, How Stan Druckenmiller shook up his portfolio[more]

    Singer bets on Europe, emerging markets From Investment Magazine: William Blair's Brian Singer is looking to invest in Europe and the emerging markets as the recovery from the global economic shutdown to contain the pandemic will likely take longer than what the market has priced in.