Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Stratton St Capital sees catalyst for change in Aussie election and Tokyo hosting the Olympics

Friday, September 13, 2013

Beverly Chandler, Opalesque London:

Two big changes in the Asia Pacific region are engaging the attention of Andrew Main, managing partner of Stratton Street Capital. The first is the Australian election, bringing a change of government with the election of Tony Abbott, ultra conservative and, in Main’s opinion, a more laissez faire, less governmental involvement role to the Aussie economy.

"What we have tended to see in markets towards the end of last week was firmness in the Aussie dollar which reflected people squaring up their positions and waiting to see what policies come out with the new government" Main says. "Traditionally the Australian central bank is independent and I think we are unlikely to see any change in potential policies from the central bank in Oz in the next few months but if there are major changes in policies it will have an effect."

$1.75bn Stratton Street Capital runs two absolute return funds which are invested in the Asia Pacific region. The Renminbi Bond fund which offers hedged exposure to the Renminbi and the Wonda fund, an absolute return bond and currency fund. The Wonda fund has been short the Aussie dollar and Main says he and his team remain cautious of the Aussie dollar. "There are some words coming out from the past administration that there is a bigger deficit than had been anticipated so let’s wait and see what the government coming in says."......................

To view our full article Click here

Banner
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. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance