Mon, Jul 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Fund of hedge funds group FRM comments on risk averse Fed

Tuesday, October 08, 2013

Beverly Chandler, Opalesque London:

FRM, Man Group’s $16.7bn fund of hedge funds business, has published its Early Bird notes on September admitting that, in contrast to their prediction, the Federal Reserve continued with monetary stimulus. "We are now confronted by a Fed that is likely to be more risk averse and for longer than we previously thought. It is more than possible that the price for the short term status quo is a more disorderly exit in the future; but for now there are more pressing concerns" the firm writes.

September saw large inflows into fixed rate products, the fourth largest weekly flow on record with $3.1bn, with significant cash still to be invested. FRM believes that emerging market assets were perhaps the clearest beneficiaries of the non-taper. "Though the fundamental problems with the balance of payments in several large emerging market countries remains, the short term pressure has at least somewhat abated. It was notable that following the meeting, currencies of those countries that have been most impacted by outflows were stronger against the USD, a reversal of the moves seen since the 'taper talk’ began. Across the board emerging market equities were stronger over the month, helped not only by the continuing liquidity, but also by a constructive set of data releases from China."

Despite all the good news, and relatively heavy volumes, FRM notes that the US market is no high......................

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner