Fri, Sep 22, 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. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3