abrdn Asia-Pacific Income Fund
FAX
164 hedge funds and large institutions have $355M invested in abrdn Asia-Pacific Income Fund in 2014 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 34 increasing their positions, 58 reducing their positions, and 13 closing their positions.
100% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 13
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
5% more funds holding
Funds holding: 156 → 164 (+8)
3% more capital invested
Capital invested by funds: $345M → $355M (+$10.4M)
0.33% more ownership
Funds ownership: 3.65% → 3.98% (+0.33%)
41% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$18.6M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$6.31M |
| 3 |
PMLI
Penn Mutual Life Insurance
Horsham,
Pennsylvania
|
+$5.54M |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
+$4.5M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$10M |
| 2 |
Morgan Stanley
New York
|
-$9.37M |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$3M |
| 4 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
-$1.46M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.43M |
FAX Hedge Fund Activity: Q4 2014 in Review
164 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in abrdn Asia-Pacific Income Fund (FAX) for Q4 2014, worth a combined $355M — up 3% from $345M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FAX positions and 13 closed out — a net gain of 13 holders — while 34 added to existing stakes and 58 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $18.6M. The largest seller was Saba Capital Management, cutting an estimated $10M.
- 164 institutional investors held abrdn Asia-Pacific Income Fund (FAX) as of Q4 2014, up from 156 in Q3 2014.
- Funds reported $355M of abrdn Asia-Pacific Income Fund stock for Q4 2014, up 3% quarter-over-quarter.
- 26 funds opened new abrdn Asia-Pacific Income Fund positions in Q4 2014 and 13 closed out, a net change of +13 holders.
- The largest abrdn Asia-Pacific Income Fund buyer in Q4 2014 was Rivernorth Capital Management, an estimated $18.6M added.
- The largest abrdn Asia-Pacific Income Fund seller in Q4 2014 was Saba Capital Management, an estimated $10M sold.
Based on aggregated 13F filings for Q4 2014.