Sat, Jan 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

42% of hedge fund managers see potential for default or restructure by Italy and Spain in Aksia global survey

Wednesday, November 30, 2011

Jim Vos
Opalesque Industry Update - A survey of the world’s leading hedge funds published today by independent hedge fund research and advisory firm Aksia, reveals 42% of hedge fund managers see potential for a default or restructure by Italy and Spain.

Conducted over recent weeks, the survey of 125 institutional-caliber hedge funds representing approximately US$800 billion of assets under management (more than one-third of total hedge fund industry assets) also shows 60% of hedge fund managers see a similar prospect of Greece leaving the Euro and 65% think EU member states may issue Eurobonds.

94% of managers call for further monetary easing by European authorities in the survey and 80% believe the US Federal Reserve’s ‘Operation Twist’ will ultimately fail to impact financial markets.

The survey also highlights that hedge fund managers hold more bearish views on global and Chinese GDP growth than 2012 International Monetary Fund forecasts.

Other key findings of Aksia’s 2012 Hedge Fund Manager Survey include:

• The Federal Reserve and emerging market central banks garner a “B” grade on their handling of the financial crisis - while US and EU leaders receive near failing grades.

• Most hedge fund managers see new financial regulations as “irrelevant” to their strategy – 21% believe they will help their strategy.

• High correlations are not bad for all - 32% of hedge fund managers see “great opportunities” in this environment.

• Hedge fund managers expect markets to remain range-bound over the next 12 months – driven by macro factors rather than fundamentals. Global Macro is predicted to be the best performing strategy.

• 400 basis points is a common level at which managers with CDS spread-triggers begin moving prime brokerage balances away from counterparties.

• Generational shift in industry transparency: 26% of funds under 2 years old provide full portfolio disclosure – against 9% of funds over 10 years old.

• 54% of managers send position-level data to third party risk aggregators.

Jim Vos, CEO and Head of Research at Aksia, said:

“Many of the survey’s findings run against conventional wisdom. Investors are often bombarded with opinions espoused by intermediaries, which may or may not match the actual views of hedge fund managers.

This was an opportunity to get the opinions that may matter most.”

To receive a copy of Aksia’s 2012 Hedge Fund Manager Survey or for further information please contact: alex@parexpr.com - marina@parexpr.com

Aksia is a leading independent hedge fund research and advisory firm, providing manager, strategy and portfolio-level research and advisory services to institutional investors. Aksia’s clients are some of the most sophisticated allocators of capital in the world, and include pension funds, insurance companies, government-related funds, endowments and foundations. With offices in New York, London and Tokyo, Aksia offers global coverage of the hedge fund industry.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised