Tue, Jul 26, 2016
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: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe