Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Salida cautious in ‘10 after two funds up over 200% in ‘09, launches Wealth Preservation Fund

Wednesday, January 27, 2010

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

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is