Adar Capital voorziet selectievere investeringen met hogere rentes
AMSTERDAM–(BUSINESS WIRE)– Het hedgefonds Adar Macro van Adar Capital Partners heeft tussen januari en oktober een rendement van 30 procent behaald, en een rendement van 57 procent sinds zijn lancering in augustus 2013. Adar Macro consolideert daarmee zijn positie al een van ‘s werelds winstgevendste fondsen.
Volgens de president van Adar Capital Partners, Diego Marynberg, is ‘de huidige crisis van veel hedgefondsen in essentie het gevolg van hun posities van jaren geleden in een markt die overmatig investeerde tegen te lage rentes in activa met te weinig leverage’. “Tel daar een verwachte toename van de volatiliteit bij op, en u kunt concluderen dat veel hedgefondsen op de korte termijn zullen verdwijnen, omdat ze geen rendement kunnen garanderen of bestuursbonus van meer dan 20 procent kunnen verantwoorden.”
Adar Capital Foresees a More Selective Investment Scenario with Rising Interest Rates |
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NEW YORK–(BUSINESS WIRE)– Adar Capital Partners’ Adar Macro hedge fund has accumulated a yield of 30% between January and October this year and 57% since it was launched in August 2013, consolidating it as one of the most profitable funds in the world. In the view of Diego Marynberg, President of Adar Capital Partners, “the current crisis of many hedge funds is essentially due to the fact that they took up positions years ago in a market that over-invested at very low interest rates in assets with too much leverage. If we add to that that there will be more and more volatility, the consequence is that many hedge funds will have to disappear in the short term because they will not be able to guarantee returns or justify management fees of over 20 percent.” According to Marynberg, this severe adjustment among hedge funds will extend until 2018. “The decline in profitability of some hedge funds since the financial crisis has been most dramatic in developed markets, but not in other regions such as Latin America,” says Marynberg . “In Latin America there are some excellent companies such as Petrobras, YPF and Ecopetrol with bonds denominated in US dollars and whose profitability exceeds 8% per annum. To achieve these yields in the US, Europe or Asia you would have to invest in so-called junk bonds. In contrast, in Latin America they are mostly companies in which the state is the principal shareholder, which means that furthermore they are backed by a quasi-sovereign guarantee. Another advantage in this region is its lower leverage, which means they are less affected by economic crises. This group of companies represents 40% of our investment portfolio and in the medium term they are less affected by the vagaries of the market.” In 2017, Adar Capital Partners expects to expand its portfolio of investors and its Adar Macro fund to grow from its current $850 million to $1 billion. About Adar Capital Partners Adar Capital Partners Ltd. (“ACP”) provides investment advice to institutional investors, family offices and private investment funds. Led by the fund’s founder and CIO, Diego Marynberg, Adar has developed a very successful investment strategy and historical track record with a main focus on Latin American and European financial markets.http://www.adarcapitalpartners.com View source version on businesswire.com: http://www.businesswire.com/news/home/20161121005819/en/ Contacts Newsline |
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