Mon, Apr 27, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner