Wed, Nov 26, 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sharply not only because of poor performance and redemptions, but also from the enforced deleveraging as banks had withdrawn lending facilities.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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to