Sat, Apr 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

FRM predicts hedge fund managers will remain well-hedged and low on performance over coming months

Thursday, July 04, 2013

Beverly Chandler, Opalesque London:

Man Group’s $15.5bn fund of hedge funds’ business FRM’s latest Early View finds that markets over June proved the most extreme in terms of market behaviour in 2013, with both the Fed Policy and Chinese Economic Data shaking the markets. The firm writes: "Emerging Markets equities were difficult in places, with the move in US government bond yields, forcing investors to pre-price EM assets, fundamental worries and outflows all combining to result in large moves across both EM debt and equities."

Looking forward, FRM predicts that for the rest of the year, the Fed should act as a dampening mechanism, breaking trends as they start to develop. "Strong data could lead to a lessening of Fed involvement, whereas weak data could lead to a more active Fed" the firm writes.

Europe continues to be a concern with only US data affected by the Fed’s actions. FRM feels that a likely scenario is where US data remains strong, Fed talk of tapering QE is increased, but this translates into a weak European market. The firm also predicts a risk of dislocation in credit markets where a widening government bond yield and a widening spread may lead to material absolute losses in the credit complex.

In terms o......................

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n