KeyPoint Capital Manages Volatility In May

Jun 28 2010 | 1:29pm ET

While the S&P 500 and MSCI REIT index were each down 8.2% and 5.7% in May, respectively, KeyPoint Capital Management kept its volatility under control during the tumultuous month.

“We are very pleased with the portfolio’s positioning, which allowed us to mitigate the overall market’s volatility,” said Rod Hinze, portfolio manager. The Dallas, Texas-based firm's Real Estate Opportunity Hedge Fund returned -1.4% gross for the month of May, leaving it up 11.7% gross YTD.

KeyPoint is outperforming its benchmark and also ranks in the top 15% of its peer group (long/short equity directional), according to Bloomberg Data (Bloomberg Ticker: KEYREOH).

“We continue to see opportunities on both the long and short side in the real estate space. In what we believe to be a slow growth environment, public REITs have excellent access to capital and quality acquisitions, which will undoubtedly create attractive long opportunities, for example,” said Hinze.

The S&P 500 has returned -2.3% YTD though May and the MSCI REIT index returned 8.8% YTD though May, while KeyPoint Capital has reported gross returns of 11.7% during the same period. Additionally, the fund’s annualized standard deviation is 10.9% compared to the S&P 500’s annualized standard deviation of 21.2% and the MSCI REIT index’s annualized standard deviation of 42%.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of