First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
35 hedge funds and large institutions have $42.6M invested in First Trust/abrdn Global Opportunity Income Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 8 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
7% less capital invested
Capital invested by funds: $45.8M → $42.6M (-$3.26M)
8% less funds holding
Funds holding: 38 → 35 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$850K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$799K |
| 3 |
Morgan Stanley
New York
|
+$646K |
| 4 |
B
Baird
Milwaukee,
Wisconsin
|
+$404K |
| 5 |
Citigroup
New York
|
+$275K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
-$2.41M |
| 2 |
SCM
Saba Capital Management
New York
|
-$723K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$463K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$350K |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$325K |
FAM Hedge Fund Activity: Q1 2014 in Review
35 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2014, worth a combined $42.6M — down 7.1% from $45.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAM and 5 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 12 added.
The largest buyer was NWAM LLC, opening a new position worth an estimated $850K. The largest seller was Trust & Fiduciary Management Services, cutting an estimated $2.41M.
- 35 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2014, down from 38 in Q4 2013.
- Funds reported $42.6M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2014, down 7.1% quarter-over-quarter.
- 5 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2014 and 8 closed out, a net change of -3 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2014 was NWAM LLC, an estimated $850K added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2014 was Trust & Fiduciary Management Services, an estimated $2.41M sold.
Based on aggregated 13F filings for Q1 2014.