Thu, Feb 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Banque Syz finds little to cheer about in the global economy

Tuesday, June 28, 2011

By Beverly Chandler, Opalesque London:

In its mid-June publication Point of View, Banque Syz & Co reports that while the arrival of summer gives many reasons to rejoice, they could find little cheer in the recent news of the global economy.

The report says: "Falling activity indices in the United States, a revival of tension over Greece's debt and the continued increase in inflation in the emerging economies are all signals that encourage one to be vigilant at the beginning of the summer period."

Banque Syz believes that we shouldn’t yet throw out the beginning of the year prediction that global growth would continue at a rate higher than 4%, but feels that current economic signals indicate that risks have increased in recent weeks.

Safety margins are reduced in the face of these developments, the report says. "It is difficult for the western countries to envisage - if the need were to be felt - embarking on new stimulus plans. As for the central banks, they appear to have gone as far as they could in easing their monetary policy.

Caution is the word of the month for the bank. It is only logical, they believe, that risk aversion is increased which benefits bonds and certain currencies such as the Swiss franc or the yen that are considered to be a relatively safe haven.

Looking specifically at the outlook for equities, Banque Syz observes that May’s trends have continued into June, with the Greek saga and other economic activity news pushing equit......................

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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s