Bluebay Asset Management Share Discussion Threads

[nickcduk] 14/1/2008 15:57

Trading statement later this week Oxman. Market performance of funds hasn't been particularly good. Would explain weak share price. Still fancy it could bounce as it usually runs up ahead of a trading statement and then sells off. Maybe the inverse this time.

[its the oxman] 14/1/2008 15:41

c.310p so is now the time to buy - will wait for next trading statemeny i think but very tempted now.

[bornagaintrader] 28/12/2007 16:10

ok decided to sell out as it seems to be drifting lower again. hopefully get back in again at a lower price. 5% profit in a week so not too bad

[stannardin] 21/12/2007 18:49

Note that JP Morgan are considering a take over bid. If this is true the price may rise in the short term. Even if that is not the case, I think that a share price on 425 plus is a realistic target in the next few months. Much will depend on general market sentiment.

This share has proved to be a a profitable CFD trade in recent months.

[bornagaintrader] 21/12/2007 15:01

Another good day . hopefully will stay in now all the way up to 405p.

[bornagaintrader] 20/12/2007 15:35

Has this share finally broken its downward trend. hopefully will find out tomorrow if it goes up again

[liquidkid] 20/9/2007 09:30

Well the safe aspect of this company is that most of the shareholders are institutionalised (no not in the mental hospital) and so far have not had a panic selling attack. Well maybe today is excusable!

These same owners are also their primary fund investors making up 60% of AuM fund of funds clients make up 24% (down from 29%),

A greater proportion of management fees are made up by Long-only £12.9m up to 21.1% from 13.7% of Total net management fees £61.mn They are a little opaque on the actual returns of their funds "its five main long-only funds all out-performed their indices by between 1.1 and 6.9 percentage points.' Seen the performance of the EUR & GBP bond indices recently?

[its the oxman] 19/9/2007 20:48

topped up at 366p a while back so am in happy mode here - at least today anyway

[its the oxman] 18/9/2007 09:21

pretty good set of results out today and importantly good performance from funds over last two months - should motor now on any wider/financials market recovery

[liquidkid] 20/8/2007 08:32

Looking at the NAVs of their major funds from 1 July to now - the High Yield Bonds EUR & GBP both stable through the period. Global Credit Fund flat, Multi-Strategy Ok. The only faller has been the Emerging Market Bond Fund USD off about 1.8% So all in all looks to have held up respectibly.

[supersturrock] 24/7/2007 09:03

Debt markets are a very dangerous place to be at the moment - just hope bbay are on top of their game.

[its the oxman] 24/7/2007 08:59

financials will have another run - just a question of when i guess

[imprima2] 23/7/2007 12:59

banking sector getting pasted!

[its the oxman] 23/7/2007 12:58

getting tempted to buy as it nears 400p

[its the oxman] 16/7/2007 15:48

impressive aum growth for now

[liquidkid] 13/7/2007 08:21

Trading statement
- Returns for funds up 0.9% quarter on quarter (2.6% previous)
- assets under management up 21% by net subscriptions of $2.2 billion and fund appreciation of $0.1 billion.

[liquidkid] 12/7/2007 08:37

Freeze on repemptions next?

FT: An Australian hedge fund manager Basis Capital, based in Sydney, with $1bn in structured credits and junk-rated loans warned investors yesterday it could restrict withdrawals to ensure its survival as it reported losses of 14 per cent in one fund in June.
David Smith, chief investment director of multi-manager funds at GAM, said most funds had quarterly withdrawals, and they would not need to tell investors they were imposing restrictions until the money was due to be repaid. "It is the end of September, or even December, that everyone will see just how bad it is," he said.

Also had New Star (NSAM) and Henderson (HGI) closing the gates yesterday.

[liquidkid] 05/7/2007 11:43

Global Credit Fund having trouble

BlueBay Global Credit Fund Type: Long/Short month end nav / nav estimate

BlueBay Global Credit Fund USD 31/05/2007 152.82 152.67*
BlueBay Global Credit Fund USD 30/06/2007 147.86* 147.90*
* are estimated only

While the EUR high yield seems ok...

BlueBay High Yield Bond Acc BBHGH 194.9800 EUR 1yr% 7.80 3yr% 34.44

Base Class EUR 194.98 19/06/2007
Base Class EUR 194.61 26/06/2007
Base Class EUR 194.73 03/07/2007

[liquidkid] 27/6/2007 11:51

Here's some in the news...

FT - Subprime shock spreads across Atlantic

Two London victims of the subprime saga have already emerged. This week Queen's Walk Fund (QWIL.L), the listed unit of Cheyne Capital, admitted it had suffered a €67.7m (£46m) loss in the year to March 31 because of a sharp decline in the value of its UK and US mortgage-linked securities holdings. This follows an announcement by Caliber Global Investment (CLBR), another UK-listed fund, that it suffered an $8.8m (£4.4m) loss, also resulting from subprime woes.

"We are in a totally different position," says Stuart Fiertz, a founder of Cheyne. "We have €50m of cash on our balance sheet. We have de-risked the company and repositioned us to go forward. The worst is over."

That may be true for Cheyne, but events have left investors increasingly nervous about the state of some other credit hedge funds. Indeed, in one telling sign of the current cautious mood, the share price of BlueBay (BBAY.L), the listed credit fund manager, fell sharply yesterday, even though the group does not have direct exposure to subprime.

Those credit funds that do have subprime positions insist that these concerns are unjustified. Cairn Capital, for example, another London-based fund with a large subprime exposure, recently indicated it had escaped significant losses because it primarily bought derivatives linked to sub prime loans made before 2005, which had lower default rates than later vintages.


LOL - Different vintages of structured debt the best vintage is only 3 years old. i.e. anything bought in last 2 years was rubbish, and noone's buying the '07 season

[liquidkid] 27/6/2007 09:05

They observe that it has fallen from its high. Is that it?

"Citigroup raises its price target to 575p from 510p and says buy. Broker adds: 'BlueBay had been the strongest performing UK-listed asset manager, rising +88% from floatation to 5 June 07. Since this point the share has fallen by 19% on wider credit market concerns. '

[liquidkid] 26/6/2007 09:47

Its in a Sterns Bear market driven by the crossover index