Virtus Global Multi-Sector Income Fund
21 hedge funds and large institutions have $49.1M invested in Virtus Global Multi-Sector Income Fund in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 6 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
10% more capital invested
Capital invested by funds: $44.7M → $49.1M (+$4.47M)
5% more funds holding
Funds holding: 20 → 21 (+1)
2.46% more ownership
Funds ownership: 23.34% → 25.8% (+2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.4M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.14M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$747K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$744K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$521K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.32M |
| 2 |
Comerica Bank
Dallas,
Texas
|
-$670K |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$547K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$145K |
| 5 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
-$102K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSB
26
Sandy Spring Bank
Olney,
Maryland
| – | -$27K | -1,600 | Closed |
|
27
Nomura Holdings
Tokyo,
Japan
| – | -$4K | -257 | Closed |
|
VGI Hedge Fund Activity: Q4 2013 in Review
21 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Virtus Global Multi-Sector Income Fund (VGI) for Q4 2013, worth a combined $49.1M — up 10% from $44.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new VGI positions and 6 closed out — a net gain of 1 holder — while 10 added to existing stakes and 4 trimmed.
The largest buyer was Mariner Investment Group, opening a new position worth an estimated $2.4M. The largest seller was Morgan Stanley, cutting an estimated $1.32M.
- 21 institutional investors held Virtus Global Multi-Sector Income Fund (VGI) as of Q4 2013, up from 20 in Q3 2013.
- Funds reported $49.1M of Virtus Global Multi-Sector Income Fund stock for Q4 2013, up 10% quarter-over-quarter.
- 7 funds opened new Virtus Global Multi-Sector Income Fund positions in Q4 2013 and 6 closed out, a net change of +1 holder.
- The largest Virtus Global Multi-Sector Income Fund buyer in Q4 2013 was Mariner Investment Group, an estimated $2.4M added.
- The largest Virtus Global Multi-Sector Income Fund seller in Q4 2013 was Morgan Stanley, an estimated $1.32M sold.
Based on aggregated 13F filings for Q4 2013.