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

The Big Picture: Party like it's 2007? Maybe not

Thursday, July 17, 2014

amb
Janet Yellen
Benedicte Gravrand, Opalesque Geneva:

Are we on the verge of another crunch and partying unaware (bringing to mind Prince’s "1999" song). Some think that today’s financial environment – especially stock markets, and especially in the US – looks like that of 2007. Others see nothing in common with pre-crisis times.

The market conditions resemble that of 2007, claimed The Economist last month. Credit spreads, house prices, volatility, and interest rates are low; M&A price levels, the Dow and the S&P, and buy-back levels are high. There are also high ratios of long-term debt to total assets, and signs of weak profits. The general view is that stock markets will continue to do well and that central bankers will remain supportive. But either interest rates will be kept low, or rates will be increased more rapidly than the markets expect. To quote the paper, both outcomes seem likely to bring more uncertainty and thus more volatility. Investors are reluctant bulls, but there seems no alternative.

Hedge fund managers are among the bullish investors. A recent monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers......................

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