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From the Opalesque team:
Toronto-based Salida Capital said in a recent special report entitled: “Preserving Wealth in an Uncertain World,” that funds which took risk “during the dark days or late 2008/early 2009” were handsomely rewarded when the global economy recovered starting the second half of last year.
But the alternative investment manager is advising caution this year and added that not even the most optimistic market forecasters could predict the positive economic performance of last year would be duplicated in 2010.
Key financial experts who attended the recent eight annual Dow Jones Indexes Global Economic Outlook, predicted that 2010 would be marked by global recovery, strength and rising company earnings. But they said growth would be unbalanced across the globe.
Billionaire investor George Soros, Nobel laureate economist Joseph Stiglitz and famously bearish economic forecaster Nouriel Roubini, at Davos this week, warned the economic recovery would prove weaker than financial markets are betting, and the 10-month rally in global stocks may falter, said Bloomberg. And the hedge fund manager of the $500m HT Asian Catalyst Fund, Ophelia Tong, ...................... To view our full article Click here
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