Sun, Aug 30, 2015
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 - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner