Tue, May 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

FRM predicts a period where good data could be bad for markets

Monday, September 09, 2013

Beverly Chandler, Opalesque London:

The latest "Early View" from FRM, Man Group’s $16.7bn fund of hedge funds and managed accounts business, finds that investors are heading into interesting times as the Federal Reserve starts to instigate tapering mechanisms, "the beginning of the end for the largest monetary stimulus ever seen."

FRM writes: "Europe remains beset by fiscal weaknesses of its peripheral nations and is only marginally out of recession. Last month, Greece was forced to concede the necessity of a third bailout package (albeit much smaller than the first two), and there is some concern that other states are postponing a full discussion of their needs until after the German federal election on 22 September."

The firm warns that for the emerging markets, the situation is arguably more serious. "In particular, countries such as India, Brazil, Turkey, and Indonesia are potentially beginning to show balance-of-payments issues that suggest an overdependence on foreign capital flows. These four countries alone represent over 8% of nominal global GDP, and have each seen their currencies depreciate versus the dollar by 20-40% over the past 2-3 years."

FRM also notes that last month, the S&P 500 returned -3.1% and the US 10yr yield widened by 20bps. Growth figures in the US, UK and Europe all exceeded expectations, and data on jobs, homes, manufacturing and consumer confidence were all broadly better......................

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. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  2. Avenue Capital raises $700m for new energy hedge fund[more]

    Komfie Manalo, Opalesque Asia: Global hedge fund Avenue Capital Group, which manages $13bn in assets as at end March, reported that it raised an additional $700m for a new energy fund that it plans to launch in May. Avenue Ca

  3. Swiss group Pictet releases first public annual and financial reports[more]

    Benedicte Gravrand, Opalesque Geneva: Pictet Group, a Swiss private bank, has just released its first public annual report and financial report since it opened for business in Geneva in 1805. I

  4. Opalesque Exclusive: Carne establishes non-EU ManCo in Jersey[more]

    Benedicte Gravrand, Opalesque Geneva: For those managers who will not domicile their fund in the European Union (EU) and yet want to distribute it in the EU – especially the UK –, going under the wing of an AIFMD-compliant ManCo on the Channel Islands could be one of the ways to do it. Ch

  5. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

 

banner