Saturday, 25 October 2014
Last updated 1 day ago
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%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.