Mon, Jun 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Capital markets likely to stabilize during the second half of 2012

Thursday, August 09, 2012

Bailey McCann, Opalesque New York: Capital markets may start to stabilize according to research from Credit Suisse’s Asset Management division. The group released its Q3 2012 Alternatives Quarterly and discusses the outlook for alternatives in the second half. "Sluggish global growth and Eurozone concerns will continue to weigh on investor sentiment, but these worries have, to a visible extent, already been priced into the markets. Additionally, we see the outcomes of the June European Union (EU) summit and Mario Draghi’s recent statements as positive steps that confirm the willingness for necessary policy action in the region, " says Stefan Keitel, Global Chief Investment Officer for Asset Management and Private Banking.

Ahead of the stabilization, Keitel notes that the group has increased its allocation to equities after the expected market correction in March to May, as part of a real-asset strategy. They increasingly prefer the more countercyclical and lagging markets, specifically in the Eurozone over the defensive US and Swiss markets. They are also overweight in emerging market (including China, Korea and Russia) and UK equities.

He explains that in bonds, the group prefers high-yield and corporate bonds over high-grade government bonds, given a persistent cycle of negative yields and limited upside potential. Currencies are also likely to remain range bound, according to the report. "Turning to commodities, we maintain our strategic overweight position on gol......................

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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider