Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Moves in asset prices during 2014 have created trading opportunities for 2015

Friday, January 09, 2015

Benedicte Gravrand, Opalesque Geneva:

A couple of Swiss fund of funds managers give their outlook for investment opportunities in 2015; one sees opportunities for fundamental, event driven and energy sector strategies; the other sees opportunities in possible conditions of high volatility and low correlation.

GAM: Positive environment across strategies Anthony Lawler, portfolio manager at GAM, a Swiss-listed fund of funds manager that is part of the GAM Holding Group, wrote in the company’s latest Insight report, that the moves in asset prices during 2014 have created trading opportunities for the coming year.

"Active managers in equities struggled in 2014, with correlated price volatility and with ETF flows driving index and large-cap outperformance versus portfolios of actively selected securities," he explains. "These ETF flows push all index holdings together, regardless of individual equity quality, creating pricing inefficiencies and opportunities for fundamental investors."

If 2015 delivers low but positive growth, he anticipates dispersion across individual equities and credits, as investors seek long positions offering better value, and leave more expensive or less attractive risk / reward names.

GAM expects a positive environment across strategies in 2015, including event driven strategies that should benefit from the level of cash on corporate balance sheets, ava......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1