Western Asset Global High Income Fund
EHI
41 hedge funds and large institutions have $72M invested in Western Asset Global High Income Fund in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
11% more funds holding
Funds holding: 37 → 41 (+4)
0.1% more ownership
Funds ownership: 18.83% → 18.94% (+0.1%)
0% less capital invested
Capital invested by funds: $72.2M → $72M (-$214K)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.26M |
| 2 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
+$460K |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$403K |
| 4 |
SG Americas Securities
New York
|
+$300K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$293K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2M |
| 2 |
Cohen & Steers
New York
|
-$1.89M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.01M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1,000K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$733K |
EHI Hedge Fund Activity: Q4 2013 in Review
41 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global High Income Fund (EHI) for Q4 2013, worth a combined $72M — down 0.3% from $72.2M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new EHI positions and 7 closed out — a net gain of 4 holders — while 12 added to existing stakes and 13 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $1.26M. The largest seller was Guggenheim Capital, cutting an estimated $2M.
- 41 institutional investors held Western Asset Global High Income Fund (EHI) as of Q4 2013, up from 37 in Q3 2013.
- Funds reported $72M of Western Asset Global High Income Fund stock for Q4 2013, down 0.3% quarter-over-quarter.
- 11 funds opened new Western Asset Global High Income Fund positions in Q4 2013 and 7 closed out, a net change of +4 holders.
- The largest Western Asset Global High Income Fund buyer in Q4 2013 was Saba Capital Management, an estimated $1.26M added.
- The largest Western Asset Global High Income Fund seller in Q4 2013 was Guggenheim Capital, an estimated $2M sold.
Based on aggregated 13F filings for Q4 2013.