Wed, May 22, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Alternative Market Briefing

The market may be forcing us into more illiquid situations
Thursday, October 25, 2012

Benedicte Gravrand, Opalesque Geneva:

Participants at the recent Opalesque New York Roundtable discussed whether now is the right time – just as liquidity is being injected into the markets – to invest in illiquid instruments and add leverage, or whether one should sit and wait. Opinions were divided – although all agreed there are few investment opportunities these days.

"Quantitative easing by the Fed and other central banks recently has injected a huge amount of liquidity into the markets," said Ron DiRusso Head of Investment Research at FX Concepts, a $3bn hedge fund firm. "That liquidity should be good for risk-seeking markets, probably at least through the end of 2012."

But beyond that, he added, markets will realise global economies are not responding to policy moves. That’s when it will become interesting and when the recent move in risky assets should reverse.

Add to that the potential fiscal cliff in the U.S. and a worsening European recession, and you will get a stronger U.S. dollar, he believes. The U.S. fiscal cliff refers to a large predicted reduction in the budget deficit and a corresponding projected slowdown of the economy if some tax hikes and spending cuts are allowed to expire or go into effect at the beginning of 2013 (here are some ......................

To view our full article Click here
Article link
Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Performance – Chenavari Investment holds off U.S. dominance to crack big league of top hedge fund performers, BlueCrest credit hedge fund makes gains despite European short bias, Sensato Asia-Pacific Fund up 15% YTD, says Japanese stock valuations are no longer attractive, ETF that follows hedge fund gurus is up 52% since inception less than a year ago[more]

    Chenavari Investment holds off U.S. dominance to crack big league of top hedge fund performers From Cityam.com: A boutique London-based hedge fund has smashed into the top three best performing funds in the world this year, breaking the dominance of US hedge fund managers, according to a

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. Moore Capital founder Louis Bacon to anchor $750m senior loan fund[more]

    From PEhub.com: Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told sister magazine Buyouts. Bacon, the founder of Moore Capi

  4. Opalesque Exclusive: Ahead of the vote: shareholder AFSCME speaks up on Jamie Dimon, JP Morgan vote[more]

    Bailey McCann, Opalesque New York: Last year, the American Federation of State, County and Municipal Employees (AFSCME) pension fund, one of the shareholders of JP Morgan, brought an advisory proposal to the annual shareholder meeting that would split the roles of Chairman and CEO at the bank.

  5. Part II: a case study on embracing & successfully integrating responsible investing in the asset allocation process: A review by UN and Mercer earlier this year concluded that of 20 academic studies, 10 found a positive effect on returns from applying ESG [environmental, social and governance issues] factors, while 7 found a neutral effect and 3 a negative effect.
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. wine investment
  2. Commodity Strategies
  3. Penrich
  4. MS
  5. MGH
  1. Ucits
  2. managed account
  3. King Street
  4. global macro
  5. people