First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
39 hedge funds and large institutions have $74.1M invested in First Trust/abrdn Global Opportunity Income Fund in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 12 closing their positions.
80% more capital inflows, than outflows
Capital inflows: $14.2M | Capital outflows: $7.91M
3.9% more ownership
Funds ownership: 35.3% → 39.21% (+3.9%)
20% less funds holding
Funds holding: 49 → 39 (-10)
33% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 18
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
+$8.36M |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.21M |
| 3 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$995K |
| 4 |
Bulldog Investors
Saddle Brook,
New Jersey
|
+$574K |
| 5 |
Saba Capital Management
New York
|
+$325K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.48M |
| 2 |
Matisse Capital
Portland,
Oregon
|
-$1.82M |
| 3 |
AQR Arbitrage
Greenwich,
Connecticut
|
-$478K |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$476K |
| 5 |
SG Americas Securities
New York
|
-$367K |
FAM Hedge Fund Activity: Q1 2016 in Review
39 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2016, worth a combined $74.1M — up 19% from $62.2M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FAM and 2 opened new positions — a net loss of 10 holders — while 18 trimmed existing stakes and 12 added.
The largest buyer was Karpus Investment Management, adding an estimated $8.36M. The largest seller was Morgan Stanley, cutting an estimated $2.48M.
- 39 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2016, down from 49 in Q4 2015.
- Funds reported $74.1M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2016, up 19% quarter-over-quarter.
- 2 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2016 and 12 closed out, a net change of -10 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2016 was Karpus Investment Management, an estimated $8.36M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2016 was Morgan Stanley, an estimated $2.48M sold.
Based on aggregated 13F filings for Q1 2016.