With the mainstream markets looking increasingly vulnerable it could be a good time to increase your exposure to listed hedge funds. The sector is currently out of favour with the majority of the constituents available at a discount to net asset value (NAV).
The broker Numis has trading buy recommendations on two of these funds on account of the fact that they offer relative value at a time when value is hard to find. They are Boussard & Gavaudan Holdings – Euro (LON:BGHL) and Pershing Square Holdings (LON:PSH).
Numis says that BGHL has a strong track record, but is trading on a wide discount to NAV of 16%. It provides exposure to a Europe-focused multi-strategy fund that aims to take advantage of event-driven strategies and arbitrage opportunities in Continental Europe.
by Tim Price| Economics| 1 mins. to read If what you were 'taught' about the Great Depression is anything like my school time experience, it will go something like this: There was a Great Crash in 1929, which ushered in hard times, notably in the US. Someone called Franklin Delano Roosevelt then rode in to the rescue.
by John Kingham| Equities| 1 mins. to read Every now and then I like to take a look at the highest yielding stocks in the market. Not to buy them of course, because the dividend yield on its own is a crude tool at the best of times.
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