Komfie Manalo, Opalesque Asia:
After years of financial repression in the interest rates sphere global macro is presenting new opportunities, according to Nick Allsop, senior portfolio manager at Dubai based Dalma Capital Management. "It looks like we are seeing some movement on interest rates and a curve developing, no longer flat or inverted, but actually you're going to get a steepening curve, certainly in the U.S., potentially in the UK and possibly even Europe.
"I believe there are opportunities now in fixed income that haven't existed over the last few years," Allsop told participants in the latest Opalesque 2017 Gulf Roundtable, and added that the fund he manages can go short or long fixed income. The fund, he said, is in the right place and at the right time to profit from these opportunities.
2017 could be a good year for hedge funds
Dalma Capital's global macro fund, which Allsop manages, was launched in September 2016. Allsop believes that "things fundamentally changed after the U.S. election last year. I believe in the reflation trade. I think the Fed has turned mildly hawkish. I believe Yellen when she said that we're going to see two, possibly three rate hikes this year predicated on some fiscal expansion from the new president."
Cedrick Kohler, head of advisory at ......................
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