Sat, Jan 20, 2018
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

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. Legal - Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says, Hedge fund blasts defense of Puerto Rico restructuring law[more]

    Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says From CNBC.com: A former hedge fund executive faces federal charges for defrauding a UK-based charity over investments in Africa, according to a grand jury indictment made public Wednesday.

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager