Woodbine Capital Fails To Build On July Gains In August – ValueWalk Premium
Hedge funds

Woodbine Capital Fails To Build On July Gains In August

Woodbine Capital Advisors LLC, which began full operations in 2009, was down in the month of August, after failing to build on the gains realized during the month of July, and after experiencing a disappointing month in June. Woodbine capital reported a 0.32% decline in August, contrary to its July gains of 2.96%, the highest monthly gain in nearly two years. The New York-based hedge fund had reported  underwhelming results in June, after the fund declined by 2.13%. The fund is up close to 3% for the year.

Woodbine Capital Fails To Build On July Gains In August

Woodbine Capital LLC states that most of the losses were due to a short euro positions, wiping out any significant gains reported from long positions held on short-term Spanish and Italian debts. The hedge fund literally struck gold on long positions held in European Equities and Gold, albeit detracting long positions in front end U.K interest rates.

The company’s value at risk was up 2.2%, as compared to last months figure of 0.9%, while unencumbered cash was up from  July’s 56%, to 62%. Woodbine Capital’s level has not dropped below the 50% mark at any point this year, monthly.

Woodbine Capital reported mixed results from its various investment vehicles, as well as from the various geographical locations. Commodities were up 0.18%, while Equities went 0.1 percentage points short of that figure, at 0.17%. The firm maintained long positions on gold and soybeans as some of the commodities, and  was also long on European Equities.

It lost 0.79% in Foreign Exchange, most notably on its short postion on EUR/USD, while its long positioning on short term Spanish and Italian debts, among other Fixed Income  positions, garnered it 0.32%.

Woodbine Capital reported a Net Asset Value gain of 0.70% from its investments in Europe, making the region the only one to return a positive rate. The Americas were down 0.64%, while Asia declined by 0.03%, with the rest of the world losing out.

Woodbine Capital also announced that its new administrator would be Citco Fund Services, a hedge fund company based in the Cayman Islands, its sole administrator, after the firm had operated as a sub-administrator since May 2010. Consequently, this would see the exit of the former administrator OpHedge.

LEAVE A COMMENT


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

What’s missing today for many investors is real, straightforward advice.

Especially when it comes to Value Investing and Hedge Funds. 💵

That’s what makes ValueWalk Premium different. Some would say we’re “unusual.”

Our subscribers look forward to clear, easy-to-understand information they can act on.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0