Sun, Nov 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Credit Suisse recommends defensive strategy, focus on Asia, equities, alternatives in 2012

Thursday, December 15, 2011

amb
Fan Cheuk Wan
Bailey McCann, Opalesque New York

Credit Suisse Private Banking issued a statement yesterday calling for investors to use a defensive strategy throughout 2012. The firm cited sovereign debt risks and global growth concerns that are expected to last throughout the year as reasons for investors to go on the defensive. Researchers with the firm expect global growth to "bottom out," in the first half of 2012. This combined with the real prospect of a third round of quantitative easing in the US and Eurozone spell tough times ahead for portfolios.

Going into to 2012, Credit Suisse Private Banking "recommends to overweight equities and alternative investments and to underweight bonds and cash as the Euro debt crisis is expected to muddle through with the global economy in a sluggish expansion phase rather than a recession." The firm is advising investors to focus on Asia, moving into equities, credits and alternative with a focus on domestic demand and structural growth themes.

"As we enter into 2012, sovereign debt risks and global growth concerns will continue to dominate financial markets. After the European Union Summit of Heads of State last Friday made progress on the new fiscal compact to reinforce fiscal discipline and strengthen fiscal enforcement, we expect significant global headwinds are likely to persist, especially in the first half of 2012 when the markets will focus on the ratification process of the EU fiscal compact. Austerity programs across the ......................

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. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  5. Hedge fund Oceanwood raises $2bn, to close to new investors[more]

    From Reuters.com: Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion (1 billion pounds) recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from Tudor Gro