Sun, Sep 20, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Corona Fighters Report 51: Asset managers who delivered in the downturn

Tuesday, June 23, 2020

Bailey McCann, Opalesque New York:

This is our regular report on hedge funds and alternative asset managers who are successfully protecting assets and outperforming the markets during the first months of 2020.

Market neutral leads

London-based Portman Square Capital's flagship Portman Square Master Fund is up 21.35% year to date according to performance information for investors reviewed by Opalesque. The fund has an annualized return of 8.73%. The performance is notable given that market neutral funds have had a rough year. BarclayHedge's Equity Market Neutral Index was down -0.02% in May and is down -1.38% year to date.

The Portman Square strategy is equity market neutral with a long volatility overlay which supports performance in choppy markets. The strategy invests across asset classes with a focus on risk management through position sizing. The long volatility overlay is added to when volatility is cheap relative to market conditions.

Portman Square was launched in 2013 and is led by Sutesh Sharma. Sharma was previously head of global proprietary trading at both Citi and Morgan Stanley. Much of the team at Portman Square joins from Old Lane/Citi and the strategy builds on the expertise they developed there.

Going global pays off

Incline Global's Long/Short Equity UCITS Fund is up 10.2% year to date, according to performance information for investors reviewed by Opalesque. The strategy, which has a US focus, looks for companies with strong fundamentals. Globally the fund looks for opportunities in the developed markets with a runway for growth over the medium term. Shorts are identified as companies that face unique macro headwinds.

The fund is offered through London-based IAM Investments and was launched in December of 2015 as a UCITS variant of one of Incline's flagship strategies. IAM is one of the oldest independent asset management firms specializing in Hedge Funds and Alternative UCITS investments. The firm offers bespoke strategies, funds of funds, and operates a UCITS platform.

Incline Global was created by former Appaloosa partner Jeff Lignelli in 2012. Incline offers a global long/short strategy and an opportunistic credit strategy. Incline uses a proprietary method for assessing its investment opportunities.


Last issue of The Corona Fighters Report: Report 50.

Opalesque's Corona Fighters reports are open articles. To see all past reports, please type Corona Fighters in the Opalesque search engine:


Disclaimer: This is not investment advice. Opalesque has not verified this information and gives no warranty of accuracy or completeness. Past performance is not indicative of future results. See our Terms & Conditions for more information.



Meet 10 fund managers and learn how and why their strategies delivered positive returns and/or protected capital during the Corona led market meltdown! Each webinar lasts an hour and features five managers.

"A well-chosen topic of discussion and a great set of speakers to hear and learn from."
"I enjoyed the webinar and found the introduction to the strategies to be diverse and insightful.
"Very resourceful and insightful."

VIDEO REPLAY of CORONA FIGHTERS - Episode 1 webinar:

VIDEO REPLAY of CORONA FIGHTERS - Episode 2 webinar:

Video replays of Opalesque's past webinars can be found here:

Don't miss our new webinars!

- Corona Fighters Episode 3

Meet five more asset managers who delivered during the meltdown.

Time: Tuesday, June 23rd, 10 am EST
Details and registration:

Opalesque's upcoming webinars:

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. Opalesque TV: Meet a Swiss fund manager who hedges with a difference[more]

    B. G., Opalesque Geneva: There is a quant manager in Zurich that does things a little differently, which has helped a lot so far this year. ICON Asset Management, which was mentioned in the

  2. Apollo jumps into impact investing with a new team[more]

    Laxman Pai, Opalesque Asia: Apollo Global Management is venturing into the world of impact investing, following some of its biggest peers in targeting funds dedicated to sustainability. The New York-based global alternative investment manager announced the leadership team for the new platform

  3. Investing: Empty hotels might just be next big short for hedge funds, Marshall Wace makes record bet against Lloyds, U.S. big tech dominates stock market after monster rally, leaving investors on edge, SoftBank plans to sell $14bn stake in telecom unit[more]

    Empty hotels might just be next big short for hedge funds From Bloomberg: Hedge funds and other short sellers are beginning to set their sights on a U.S. credit-derivatives index with outsized exposure to hotel debt as the pandemic sinks the hospitality industry into distress. The f

  4. PE/VC: Big private-equity firms are piling into tech deals, Private equity is a club and the ordinary investor is not invited, Private equity fees have become a rentier's bonanza[more]

    Big private-equity firms are piling into tech deals From Business Insider: Private-equity funds are dumping more money into technology companies, as the pandemic tanks sectors more reliant on in-person business. Enterprise software, long a private equity favorite, is getting even hotter

  5. ESG: How ESG data affects investors' fund choices: Morningstar, New challenges to the merits of ESG investing, Deciphering the trend: Will the real ESG contenders stand up[more]

    How ESG data affects investors' fund choices: Morningstar From Think Advisor: Advisors may wonder if it is important to present sustainable fund data to clients, especially during turbulent times. The answer: Not only will that information help investors choose funds, it also will edge