Fri, Feb 12, 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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise