Thu, Jul 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds focused on wealth preservation and European opportunities in 2014

Tuesday, February 04, 2014

Komfie Manalo, Opalesque Asia:

Wealth preservation is foremost in the minds of hedge fund managers in 2014 as well as opportunities in Europe, said Hansjoerg Borutta, group CIO of Zurich-based wealth management service provider Marcuard Heritage in the latest Opalesque Roundtable in Zurich.

"When a year with good market performance comes to an end, every investor's number one goal is to protect the gains made," he said and added, "In fact, the market performance this year was better than anticipated. 2012 was a pretty worrisome year with a lot of tail risks. 2013 was easier, but not really easy. As we are wealth preservation oriented, we did not invest at full throttle in the markets. Our asset allocation varied through the year and we took some money off the table when we achieved certain performance goals or we felt that it was necessary. It is no secret that there are still a lot of issues with respect to the real economy and the financial markets. So we are not following the current equity rally happily and blindly."

But because hedge fund managers have wealth preservation foremost in their minds, Borutta continued, they are always eager to be prepared for the worst case. Fortunately, most of them do not think that most of the tail risks they anticipate are imminent at present.

Even if fund managers are cautious, with QE......................

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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Opalesque Exclusive: Michael E. Lewitt: Greece, Puerto Rico, China stock market problems are symptoms of global underlying disease[more]

    Benedicte Gravrand, Opalesque Geneva: Michael E. Lewitt, manager of the Third Friday Total Return Fund, L.P., author and market commentator, says in a Q2 letter

  3. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  4. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  5. Opalesque Exclusive: London quant shop launches new improved strategy[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Simon Wajcenberg, CEO of K1T Capital Ltd, a systematic quant based hedge fund asset manager based in London

 

banner