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Alternative Market Briefing

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

Tuesday, June 23, 2020

amb
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.

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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: www.opalesque.com/index.php


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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.

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WEBINARS:

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: www.opalesque.com/webinar/#pw4

VIDEO REPLAY of CORONA FIGHTERS - Episode 2 webinar: www.opalesque.com/webinar/#pw5


Video replays of Opalesque's past webinars can be found here: www.opalesque.com/webinar/#pastwebinar


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: www.opalesque.com/webinar/



Opalesque's upcoming webinars: www.opalesque.com/webinar/


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