First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
38 hedge funds and large institutions have $45.8M invested in First Trust/abrdn Global Opportunity Income Fund in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
19% more funds holding
Funds holding: 32 → 38 (+6)
3% less capital invested
Capital invested by funds: $47M → $45.8M (-$1.22M)
27% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Baird
Milwaukee,
Wisconsin
|
+$1.01M |
| 2 |
SCM
Saba Capital Management
New York
|
+$900K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$621K |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$328K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$320K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.73M |
| 2 |
Morgan Stanley
New York
|
-$1.47M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.04M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$743K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$424K |
FAM Hedge Fund Activity: Q4 2013 in Review
38 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q4 2013, worth a combined $45.8M — down 2.6% from $47M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FAM positions and 5 closed out — a net gain of 6 holders — while 11 added to existing stakes and 15 trimmed.
The largest buyer was Baird, adding an estimated $1.01M. The largest seller was Wells Fargo, cutting an estimated $1.73M.
- 38 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q4 2013, up from 32 in Q3 2013.
- Funds reported $45.8M of First Trust/abrdn Global Opportunity Income Fund stock for Q4 2013, down 2.6% quarter-over-quarter.
- 11 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q4 2013 and 5 closed out, a net change of +6 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q4 2013 was Baird, an estimated $1.01M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q4 2013 was Wells Fargo, an estimated $1.73M sold.
Based on aggregated 13F filings for Q4 2013.