Tue, Sep 2, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Prologue Capital remains cautiously optimistic about the year

Tuesday, August 13, 2013

Bailey McCann, Opalesque New York:

Prologue Capital, a London and Connecticut based, hedge fund focused on global macro sees a variety of cautiously positive trends in the US and global economies according to their most recent economic outlook, obtained by Opalesque. The fund has approximately $2bn in assets under management, and notes that while the economic factors they consider have changed many times so far this year, there is still hope.

In the letter, Thomas Jelf, Prologue's chief economist takes on the big themes defining markets right now. "As soon as one headwind appears to abate, e.g. fiscal retrenchment in the United States, another emerges, e.g. slowdown in emerging markets. But the fact remains that the global economy is digging itself out of the hole created by the great financial crisis and the subsequent Eurozone crisis, albeit at a slow and uneven pace," he writes.

Overall, he sees this recovery primarily benefitting developed economies, at the expense of emerging markets and parts of Europe that are slipping further into recession. Yet, even amid these positive indicators, some uncertainty remains. Specifically, Jelf cites monetary policy concerns as the strategies put in place by central banks to reduce uncertainty have actually led to new concerns. He expects that monetary policy will remain accommodative at the big three central banks - US, EU and Japan, although public comments made by Fed leaders and staffing changes are likely to m......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius