Wed, Nov 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Prologue Capital maintains cautious optimism going into 2014

Friday, January 03, 2014

Bailey McCann, Opalesque New York:

In early 2013, Opalesque reported on the cautious optimism thesis advanced in Prologue Capital's outlook for the year. The firm is maintaining that thesis going into this year citing the possibility for continued growth even though inflation remains low. Tomas Jelf, Chief Economist at Prologue Capital, writes that growth over 2013 was globally synchronized which was a pleasant surprise, even if over all growth remains at historical lows.

While growth is happening across most global economies, growth rates are uneven. Jelf writes that the US is poised to be part of the small group of countries that are "above the trend," in terms of overall growth while the the Eurozone and some emerging markets are expected to sputter. "Growth is progressively more resilient in so far that it is spreading. The passage of time has had, and will continue to have, a profound, positive effect on the deleveraging process. Monetary policy will continue to be accommodative, notwithstanding the Federal Reserve decision this month to begin to 'taper’ its bond and MBS purchases. Tail risks have been materially reduced, although not entirely eliminated. Thus, the outlook for the first part of next year is one of continued improvement," he writes.

Over the year, inflationary policy is expected to be the newsmaker shaping centra......................

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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to