‘There will be no Leicester this season’ sport bets fund manager says

Brendan Poots, the manager of the Priomha Capital Cloney Multi-sport Investment Fund and its Gibraltar-domiciled version which will start trading on 1 October, says the fund will be taking some positions in the major European football leagues.

In his view, “there will be no Leicester this season in the Premier League”. Priomha Capital’s analysis suggests that Manchester United is a “strong LAY” (short position) as are Liverpool and Tottenham.

“Chelsea, Manchester City and Arsenal will lead the way,” the fund manager believes.

“In the Premier League winners market, Manchester United have continued to shorten (in our view inexplicably) from our LAY of $5.00+. We are currently sitting on a loss on this trade which has been accounted for in the monthly return.”

Regarding the US Open that just started, the Australian hedge fund highlights that it is “still evaluating the merits of tennis” because the domination of top players makes it “a troublesome asset class to trade”.

Back in June, the Priomha Capital Cloney Multi-sport Investment Fund traded on the Uefa Euro 2016. Poots told InvestmentEurope the fund did good (gross return of +0.74%) during the event but could have done better.

Belgium’s defeat to Wales in quarter-finals and the France-Germany meeting in semi-finals have impacted the fund performance.

“We had multiple positions favouring Belgium both in this match and the tournament. Their defeat meant we started the month on the back foot with a 1.5% loss.

“We traded consistently across other matches and if not for the semi final meeting between France and Germany we would have made a profit from football for the month.

“We had a tournament BACK of Germany (long position) and LAY of France (short position). We erred on the side of conservatism and closed both positions before this match. Both trades had only marginally moved in our direction meaning we made no profit from either position,” the manager explained in the fund’s July report.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!