Fri, Dec 9, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

GAM: February is choppy across many hedge funds asset classes

Tuesday, March 05, 2013

From Komfie Manalo, Opalesque Asia – The month of February was rough sailing for many hedge funds asset classes and continued the same price trends in January, said the latest GAM Insight.

GAM said in the report, "Markets then reversed and consolidated, driven by concerns around the Italian elections and the release of the U.S. FOMC meeting minutes. The meeting minutes showed an unusually large number of committee members questioning the efficacy and risks associated with continued large-scale quantitative easing. Currencies continued to be volatile, with sterling weakening materially, the Japanese yen consolidating but weakening slightly over the month, and the trade-weighted US dollar index regaining some of its safe-haven appeal – ending up 3.5% for the month."

According to GAM, February offered the same result as January when equities saw a broad rally while the Japanese yen slid further.

It added that currencies remain volatile with the sterling continuing its downward spiral and the consolidated Japanese yen failed to bring the currency to a rebound. However, the trade-weighted U.S. dollar index regained some of its safe-haven appeal and was up 3.5% last month.

"The MSCI World index gave up its early gains and ended the month marginally positive, whereas the Barclays Global Aggregate Bond index was down 0.9%, both in U.S. Dollar terms. On the macroeconomic front, expectations for Eu......................

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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest