Tue, Mar 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Guggenheim takes a closer look at event driven managers

Thursday, October 17, 2013

amb
Charles Stucke
Bailey McCann, Opalesque New York:

Charles Stucke is the Chief Investment Officer of Guggenheim Investment Advisors. He joined the firm in 2006, after building a career as an investment banker. Within his role at Guggenheim he oversees a suite of fund of funds and a hedge fund platform. In a recent Opalesque TV interview, he noted that the firm is shifting its focus, to look at more event driven managers for opportunities over the next two to five years.

"Mid to late 2012, earnings began to mean revert, ROEs began to fall, and yet at the same time, credit prices, or the cost of financing remains very low. So we believe that corporate CFOs would be very tempted to use leverage and do other types of corporate event transactions to maintain or continue to grow earnings and ROEs in an environment that’s becoming increasingly competitive for them. These events include things like restructurings, shared buybacks, recapitalizations and mergers and acquisitions," he explains.

Going forward, investors that are looking to capture the same rate of return from their allocations to equities or fixed income will face some challenges. For Stucke, this means refining focus – "where do you go? You have to find more specific and more active uses of risk to be able to bridge that return goal. So we are looking in places like event strategies, we are looking in long-short equity, we a......................

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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He