Sat, Jul 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Despite fed denials, fiscal policy may be nearing an inflection point

Wednesday, July 03, 2013

Bailey McCann, Opalesque New York:

Letters out today from two funds indicate that fiscal policy, at least in the US may be at an inflection point despite recent denials from the Federal Reserve. The newest GAM Insight letter, highlights the rapid June sell off that followed the first indications of tapering from the Fed. Those comments have since been denied from other Fed leaders, as a misinterpretation, but as the GAM letter notes - June was the first negative performance month for the year for aggregate hedge funds. This viewpoint was echoed by quant fund Chahine Capital, in their strategy outlook. As Opalesque reported earlier today, the HFRX Global Hedge Fund index finished June 1.4% lower, bringing year-to-date performance to 3.1%.

"We are about to enter an unknown, post-QE world. The market has digested only the start of the QE tailing-off process, but the mini-crash that hit bond prices has already ended a year-long slide in yields. Bonds with maturities of 10 years or more have lost more value than equities on a 12-month view. Mr Bernanke has effectively reminded the world that financial markets are risky, something that many investors had forgotten in the midst of this year's stock market rally," writes Jacques Chahine, Chairman, C......................

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner