Opalesque Exclusive: Hedge fund managers wary of 2010 when large long-only investors will cease 'buying the dips'
Wednesday, November 25, 2009
From Kirsten Bischoff, Opalesque New York:
On the heels of losing 23% on bearish views during 2009, John Horseman recently announced he would be stepping down from managing his long/short fund. Horseman cited stocks rallying not on economic growth but on cost cutting, and he expects the current non-recovery will make the markets very volatile and unable to gain momentum over the next decade.
While Horseman anticipates the market environment of the next decade, many long/short managers are trying to determine their expectations for the next 2-3 months. Whereas bull markets typically end the year on high notes with strong fourth quarter per......................
From the Opalesque team:
Paris-based Algodeal, a quant platform founded by IT professionals Benjamin Filippi (formerly at Lehman) and Jean-Christophe Allemand (formerly at Newedge), will launch its first fund towards the end of 2Q1