Sun, Apr 26, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner