Wed, Sep 28, 2016
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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style