Sun, May 27, 2018
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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven