First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
40 hedge funds and large institutions have $93.1M invested in First Trust/abrdn Global Opportunity Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 8 closing their positions.
6% more capital invested
Capital invested by funds: $87.6M → $93.1M (+$5.53M)
5% less funds holding
Funds holding: 42 → 40 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.39M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$824K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$566K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$281K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$219K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.53M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.39M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$435K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$414K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$339K |
FAM Hedge Fund Activity: Q1 2017 in Review
40 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2017, worth a combined $93.1M — up 6.3% from $87.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAM and 7 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 8 added.
The largest buyer was Sit Investment Associates, adding an estimated $5.39M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $2.53M sold.
- 40 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2017, down from 42 in Q4 2016.
- Funds reported $93.1M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2017, up 6.3% quarter-over-quarter.
- 7 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2017 and 8 closed out, a net change of -1 holder.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2017 was Sit Investment Associates, an estimated $5.39M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2017 was 1607 Capital Partners, an estimated $2.53M sold.
Based on aggregated 13F filings for Q1 2017.