Sun, Sep 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

2009 Outlook (8) - Kleinwort Benson sees bargains in equities, corporate credit, hedge funds, commodities, structured product

Thursday, January 15, 2009

By Benedicte Gravrand, Opalesque London: See yesterday’s 2009 outlook (6) here and (7) here.

According to Jeremy Beckwith, CIO at the UK-based private bank Kleinwort Benson, financial security will be the number one priority for investors in 2009.

For those in a position to take risks, bargains can be found in (1) equities and corporate credit; (2) property; (3) the hedge fund industry; (4) commodities later in the year, when EM recover ahead of Western economies; (5) structured products that take advantage of current levels of implied volatility to offer high income whilst limiting downside risk (Source).

With regards to opportunities for the hedge fund industry, Jeremy Beckwith told Opalesque in an e-mail communication that the assets controlled by hedge funds were falling sharply not only because of poor performance and redemptions, but also from the enforced deleveraging as banks had withdrawn lending facilities.

"The widespread sell-down of these investments has sent prices of many securities to very low levels, as market liquidity has dried up,” he continued. “All credit spreads have widened out substantially and the prices of many smaller company equiti......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali