Mon, Aug 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Along with other indicators, is the hedge fund industry's struggle to protect assets signaling a ‘double dip’?

Wednesday, July 21, 2010

From Kirsten Bischoff, Opalesque New York:

The fear of sliding from a continued, slow, recovery to the double dip of another recession has been a concern ever since the markets began to strengthen in March 2009.

Large firms such as BlackRock continue to express a (conservative) positive outlook even as they acknowledge high levels of uncertainty. “We continue to believe that a variety of structural headwinds will place limits on economic growth prospects, although we view a “double dip” recession scenario as a lower probability outcome,” says Bob Doll in his Q3 outlook.

The VIX is indicating increased worry for future market volatility, and hedge funds have spent the better part of the past three months working diligently to protect assets and, according to the Dow Jones Credit Suisse Hedge Fund Index (DJCS), have entered a new drawdown phase.

The Dow Jones Credit Suisse Hedge Fund Index shows that hedge fund performance strength seen from May 2009 through March 2010 has entered a second drawdown phase. Hedge funds saw a decline of -19.5% (against the Dow Jones Global Index drawdown of -53%) during the previous drawdown, and have currently lost -3.9% from their peak recovery (against the Dow Jones Global Index drawdown of -31.9%).

Credit Suisse recently rebrande......................

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. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  2. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  3. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  4. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it

  5. Investing - David Tepper sells airline stocks, except Delta[more]

    From Forbes.com: Head of successful hedge fund Appaloosa Management, David Tepper shied away from airlines in the second quarter after upping his bets in the first three months of the year, according to his portfolio filing released this week. Tepper sold all of his position in United Continen