Sun, Aug 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Where New York hedge fund managers find investment opportunities

Wednesday, October 31, 2012

Benedicte Gravrand, Opalesque Geneva:

Where do fund managers see opportunity these days? Participants at the recent Opalesque New York Roundtable mentioned strategies such as long/short equity, merger arbitrage, event driven, and prospects in structured credit, pharma, European volatility, emerging markets and niche products. So a lot to chose from.

When looking around at what to invest in and how to invest, things don’t look so great in general, Matthew Denning told the Roundtable. "Many markets have been trend-less, creating issues for macro funds and various asset classes. Then spikes of volatility have been torturing those same trading strategies. It is very tough to get bullish in general within credit given where we are in the cycle…" Denning is senior Research Analyst at PineBridge Investments, a $68bn asset manager that runs FoFs.

Equity long/short hedge funds may have returned "disappointing" performance so far this year, but he still sees a lot of opportunity in that strategy. The Hennessee Long/Short Equity Index is up 5% YTD (to end-Sept.).

"We feel that this year has actually been a pretty conducive environment to investing compared to the last three or four years," he said. "The excuses that some of the equity managers have given before – about corr......................

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. 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

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner