Mon, Apr 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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner