Wed, Oct 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds continue appetite for equities, cautious on U.S. credit

Tuesday, July 15, 2014

Komfie Manalo, Opalesque Asia:

A survey by Lyxor Asset Management showed that the majority of hedge fund managers expect the equities markets in the U.S. and Europe to sustain its rally on the back of accommodative monetary conditions recently reiterated by Janet Yellen, chairman of the Federal Reserve.

However, on the negative side, the managers express caution regarding U.S. credit and China, Lyxor said in its latest Alternative Insight.

The bullish stance on equities, both in Europe and in the U.S., was largely shared by the respondents to the survey. A majority 88% of the managers surveyed expect the S&P 500 to deliver returns above 5% for the full year 2014.

This implies that the second half should at least be flat, thereby preserving the gains posted in the first half (the S&P was up 6% YTD as of 30 June). At the same time, 71% of the respondents do not consider the U.S. equity market to be overvalued.

In Europe, 88% of the respondents expect the Eurostoxx 50 to deliver returns above 5% for the full year 2014 (+3.8% YTD as of 30 June). This implies a rather positive stance for the second half of 2014. Along the same lines, 71% of the respondents believe that the European equity market remains undervalued.

The survey also found that a majority expe......................

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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. 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

  3. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  4. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba

  5. Unconstrained bond funds: Where hedge fund strategies meet mutual funds[more]

    From CNBC.com: For all the talk and buzz around indexes, or passive investing, the next big thing for bond mutual fund investors may be strategies that are the exact opposite. The rapid growth of "unconstrained bond funds" has been thrust into investor spotlight given last Friday's stunning news tha