Sat, Jul 30, 2016
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

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: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe