Fri, Mar 27, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner