Wed, Oct 1, 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

Banner

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is