Mon, Dec 18, 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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  3. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  4. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans

  5. eVestment: hedge funds extend winning streak[more]

    Bailey McCann, Opalesque New York: Hedge funds marked their 13th consecutive month of positive returns in November with +0.47% average returns for the month, according to the latest Hedge Fund Performance Report from eVestment. Activists, long/short and quant equity strategies are producing