First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
44 hedge funds and large institutions have $81.5M invested in First Trust/abrdn Global Opportunity Income Fund in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
13% more funds holding
Funds holding: 39 → 44 (+5)
10% more capital invested
Capital invested by funds: $74.1M → $81.5M (+$7.33M)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.35M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.31M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.9M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.52M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$355K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.93M |
| 2 |
Morgan Stanley
New York
|
-$1.55M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.16M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$381K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$253K |
FAM Hedge Fund Activity: Q2 2016 in Review
44 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q2 2016, worth a combined $81.5M — up 9.9% from $74.1M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FAM positions and 4 closed out — a net gain of 5 holders — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.35M. The largest seller was LPL Financial, cutting an estimated $1.93M.
- 44 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q2 2016, up from 39 in Q1 2016.
- Funds reported $81.5M of First Trust/abrdn Global Opportunity Income Fund stock for Q2 2016, up 9.9% quarter-over-quarter.
- 9 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q2 2016 and 4 closed out, a net change of +5 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q2 2016 was Rivernorth Capital Management, an estimated $2.35M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q2 2016 was LPL Financial, an estimated $1.93M sold.
Based on aggregated 13F filings for Q2 2016.