Sat, Jun 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Carpe Annum says Lyxor Research as 2013 shapes up to be a year of opportunities for hedge funds

Wednesday, April 24, 2013

Beverly Chandler, Opalesque London: In their latest publication Lyxor Research writes that risk assets are set to generate positive returns for the remainder of 2013 driven by a slowly expanding global economy and ultra accommodative monetary policy. "We believe that the familiar pattern from the last three years of 2Q data disappointment and consequent risk off is unlikely to repeat itself."

This improving picture Lyxor ascribes to ECB policies over the past year plus liquidity from the Fed and Bank of England. Lyxor believes that these factors should prevent contagion from idiosyncratic risk events like Cyprus or Italian elections. "Global growth should also stay resilient because of spare capacity and reversion to the mean, though at modest levels" the firm writes.

However, they believe that several risks are still highly visible including volatile economic data, the U.S. fiscal retrenchment and European austerity efforts. "Emerging market growth is less dynamic than anticipated. These risks are well known and explain the generally high equity risk premiums globally. We believe that the world continues to normalize in 2013 and the reduced risk premium is the primary driver of equity returns. We have an attractive view of equities among the various asset classes. We continue to prefer equity over fixed income and favor developed over emerging equities."

Lyxor comments that the aggressive stimulus in Japan is the lat......................

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. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp