Mon, Apr 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dalio, Loeb look at emerging markets, big names - Kraft, Honeywell

Tuesday, August 14, 2012

amb
Ray Dalio
Bailey McCann, Opalesque New York: Ray Dalio, the head of $120bn hedge fund Bridgewater Associates has issued his second quarter letter in which he highlights some of his view of the current state of the market and noted his largest positions which include taking a larger stake in emerging markets and US brand names like Honeywell. According to NBC, another recent filing shows that activist investor Daniel Loeb, CEO of hedge fund Third Point has taken a significant position in Kraft Foods.

In his letter, Dalio notes two aspects about the US markets that effectively sum up the current state of the US financial landscape - first that real earnings growth rate is the lowest that it has been in 100 years, and that for the second time in 50 years, corporate dividend yields are currently higher than U.S. government note yields. He also notes that the European debt crisis presents a significant fat tail event risk and must be factored in accordingly.

Over the quarter, the firm took a position in the iShares MSCI Brazil Index which follows a slate of the larger Brazilian equities including Petrobras and Vale. Dalio also bought shares of Cliffs Natural Resources, Honeywell International and Las Vegas Sands Corp. He also noted plans for this quarter to buy sha......................

To view our full article Click here

Banner
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 Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably