Mon, Aug 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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

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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner