Wed, Jul 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investors face the challenges of uncertainty

Monday, February 03, 2014

amb
Alexander Ineichen
Komfie Manalo, Opalesque Asia:

The relationship between bonds and alternative investments is like history repeating itself, said Alexander Ineichen of Ineichen Research & Management AG at the latest Opalesque Roundtable in Zurich. He said that in the late 1990s and early 2000s, there was a move from equities to alternatives; now it’s a move from bonds to alternatives. Overvalued equity markets put hedge funds on the map of the institutional investor 12-14 years ago. Currently it is overvalued bond markets that can explain the search for alternatives.

When asked about the latest trend and development in alternative investments, Ineihen said, "The common wisdom prior and at the peak was that "equities are for the long-run" and that they outperform bonds in the long run. As long-term investor, one could therefore have a large equity allocation because one could sit through large drawdowns. Many non-English speaking Continental European institutional investors, for example, started to move away from their traditional bond-heavy portfolios and piled into equities close to the peak. So when we hear more and more institutional investors claiming that asset-liability management, ALM for short, is the pinnacle of institutional investor’s wisdom, it somehow has a déja vu ring to it. We’ve seen an institutional infatuation with benchmarks before."......................

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  4. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  5. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

 

banner