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Alternative Market Briefing

Hedge fund says certain strategies can gain on Greek crisis

Tuesday, July 21, 2015

Komfie Manalo, Opalesque Asia:

The Greek crisis has shocked the markets forcing all hedge fund strategies to suffer losses in June. However, Optima Fund Management managing partner Graham Martin said that despite the volatile market, there is opportunity in "fundamentally-driven strategies."

Martin said in a statement sent to Opalesque, "Given the current changes in the macro and fundamental backdrop which has led to bouts of increased volatility, we believe it is timely to consider investing in or adding to fundamentally-driven strategies such as hedge equity and event driven."

He added these strategies can provided gains both in long and short positions. Other hedge fund strategies that are expected to gain in the current situation are discretionary macro, Martin said.

Martin continued, "These strategies are likely to benefit as equity market valuations normalize, creating opportunities both long and short; and global trading strategies such as discretionary macro which can tap directly into rapidly evolving macro trends."

Hedge funds fell in June on Greece worry

Indeed, hedge funds declined in June with the HFRX Global Hedge Fund Index falling -1.24% for the month (+1.27% YTD) as volatility increased as a result of uncertainty over the outcome of the Greece referendum, said Hedge Fund Research in its mon......................

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