Bluebay Asset Management Share Discussion Threads

[nickcduk] 26/6/2007 09:45

Subprime problems in the US are causing BBAY to fall. Their credit funds will probably have got whacked somewhat by the recent falls. Best to keep an eye on their NAV performance to see how they have fared.

[johnv] 26/6/2007 09:39

this seems to be in freefall, any reasons apart from non exective selling

[liquidkid] 21/6/2007 14:14

I know they like sub prime debt but they sure like prime prime rent

25 May 2007
Mayfair achieved the highest office rent in its biggest letting seen for two years this week when BlueBay Asset Management agreed to take the remaining four floors at Morley Fund Management and Grosvenor's 77 Grosvenor Street, W1.

BlueBay Asset Management has acquired the remaining 36,000 sq ft on the first, second, third, and fourth floors at 77 Grosvenor Street, W1. The terms of the deal are a 15 year lease at a rent of £117 per sq ft for first, second, and third floors, and £110 per sq ft for the fourth.

Julian Woolgar, partner, west end offices, Knight Frank said: "77 Grosvenor Street has achieved the highest West End rent this cycle and this latest deal is significant for Mayfair as it represents the area's biggest letting of the last 24 months. The strength of the financial sector is driving competition for best space and forcing deals higher. Furthermore, the deal was signed in just four and a half days."

[liquidkid] 18/6/2007 15:34

Rising bond yields, Director selling, what gives?

[supersturrock] 02/5/2007 16:16

Someone must have had an interesting lunch !

[joseph moran] 19/4/2007 18:39

Bluebay seems to have taken off now, wonder where it will go from here!!

[ncp3] 26/3/2007 12:53

FYI.....

23.03.07 :-2.75, (425.25) initiated as 'neutral' at Credit Suisse with a target price of 410 pence following its first-half results on Mar 20, dealers said. In a note to clients, Credit Suisse said that while Bluebay is well positioned to benefit from several industry trends and is likely to continue to be a growth company, it believes the group's share price is up with current events. The broker noted that on its headline valuation, earnings are broadly in line with its peer group of listed UK asset managers and hedge funds. Credit Suisse added however that it believes Bluebay will trade on a discount to closest peer Ashmore Group, given its greater exposure to lower-multiple performance fees. The broker added that while Bluebay's hedge funds have significantly lower volatility than most other hedge funds, its performance has yet to be tested through a credit cycle.

[supersturrock] 26/3/2007 12:28

Jaykay - can you elaborate ?

[jaykay1981] 23/3/2007 18:05

credit suisse downgrade

[stromboli1] 23/3/2007 15:39

looking like a nice intraday recovery

[its the oxman] 20/3/2007 08:28

not sure what was expected but results seem to have been well received - up 10p at the mo.

[nickcduk] 17/3/2007 21:18

It was bound to happen after all the heavy index buying beforehand. Have a look at a chart for Ashmore(ASHM) before its promotion to the ftse 250 last December. It rose from 237p to a peak of 270p on the Wednesday prior to entry to the ftse 250. Thats a move of 14% in 7 trading sessions. On the friday prior to entry once all the index buying was out of the way the sellers moved in and share price fell 7%. On the monday more selling knocked it down another 5%. Last weeks action was very artificial and should have been used to sell out long positions imho.

[typo56] 16/3/2007 17:03

IMO the fall at close was probably due to entry to the FTSE250 index taking effect on Monday.

[jaykay1981] 16/3/2007 17:01

blimey! not the end to the week i was hoping for! what sparked this?

[stromboli1] 15/3/2007 20:25

from Ocean Wilson results 6/03/2007


"During the year, there were purchases worth approximately US$14.5m and sales to
the value of US$17.3m. The most significant new investments were BlueBay
European Credit Opportunities Fund, the Melchior Japan Investment Trust PLC,
Finsbury Emerging Biotechnology Trust PLC and UFG Russia Select Fund Limited.



The BlueBay fund offers leveraged exposure to a diversified portfolio of
primarily European senior secured leveraged loans and high yield bonds.
Crucially the managers have the flexibility to short securities which is an
attractive factor given the performance of the high yield market and the
compression in spreads".

[its the oxman] 15/3/2007 12:20

now 435p - typical - probably set to hit 500p

[its the oxman] 15/3/2007 09:12

very possible - expect to buy back myself if it revisits c.360p level

[nickcduk] 15/3/2007 08:55

I think the recent rises haven't had much to do with the companies trading performance but more to do with index buying. Since its promotion to the 250 the index trackers have to buy the stock and this has artificially given the stock a large boost. Once it wanes I would expect it to retreat and underperform the wider market.

[its the oxman] 14/3/2007 13:42

yep, sense someone knows something positive here

[jaykay1981] 14/3/2007 13:38

This stock is ready to burst - no holding it back!

[liquidkid] 14/3/2007 08:14

bloomberg this AM: "who hold the toxic waste?"