Western Asset Global High Income Fund
EHI
37 hedge funds and large institutions have $72.2M invested in Western Asset Global High Income Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 6 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
3% more capital invested
Capital invested by funds: $70M → $72.2M (+$2.2M)
0.41% more ownership
Funds ownership: 18.43% → 18.83% (+0.41%)
5% less funds holding
Funds holding: 39 → 37 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.73M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.15M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$809K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$370K |
| 5 |
Goldman Sachs
New York
|
+$361K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.16M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.28M |
| 3 |
Morgan Stanley
New York
|
-$747K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$555K |
| 5 |
Citigroup
New York
|
-$469K |
EHI Hedge Fund Activity: Q3 2013 in Review
37 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global High Income Fund (EHI) for Q3 2013, worth a combined $72.2M — up 3.1% from $70M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of EHI and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 16 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $4.73M. The largest seller was Guggenheim Capital, cutting an estimated $2.16M.
- 37 institutional investors held Western Asset Global High Income Fund (EHI) as of Q3 2013, down from 39 in Q2 2013.
- Funds reported $72.2M of Western Asset Global High Income Fund stock for Q3 2013, up 3.1% quarter-over-quarter.
- 4 funds opened new Western Asset Global High Income Fund positions in Q3 2013 and 6 closed out, a net change of -2 holders.
- The largest Western Asset Global High Income Fund buyer in Q3 2013 was Saba Capital Management, an estimated $4.73M added.
- The largest Western Asset Global High Income Fund seller in Q3 2013 was Guggenheim Capital, an estimated $2.16M sold.
Based on aggregated 13F filings for Q3 2013.