Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
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

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1