Thu, Apr 24, 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

Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac