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From the Opalesque team:
Potomac Portfolios LLC, investment manager to the Potomac Select Multi-Manager Futures Fund, released a synopsis of Q1 2011 market drivers and with it a projection that alternatives are on their way to replace bonds in the traditional 60/40 asset allocation mix.
In Potomac’s Q1 2011 market review, Thomas Lott, Potomac’s President, attributed continuing low yields in the U.S., quantitative easing, and aggressive devaluation of the U.S. Dollar as the drivers behind inflating global equities, commodities, and emerging market currencies so far this 2011. "While stocks, commodities, and emerging market currencies have been positively impacted, "Lott said, "growth in the U.S. continues to wane, real wages continue to deflate, and credit remains on hold as de-leveraging continues." Lott made the case that growth and inflation are thus diverging among regions. "The U.S. has yet to achieve the escape velocity needed to exceed the gravitational pull of the downturn," he said. "Going forward, the U.S. remains on hold from both a policy and political perspective, although offshore policies and perspectives are changing as pent-up demand among investors, local populations, and commodity buyers trigger inflation, rising interest rates, currency appreciation, and inbound capital controls."
For managed futures, Lott described the increasing dichotomy in global growth between deficit, developed regions of the world and those regions differentiated by ec...................... To view our full article Click here
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