Sat, Aug 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

SEB cautious towards equity long/short in current and future quarters

Friday, December 09, 2011
Opalesque Industry Update - SEB, the Northern European financial group, comments on Hedge Funds in an article called ““Operation Twist” benefiting Relative Value”. Here is an overview:

  • Hedge fund performance has remained weak, mainly due to the euro zone crisis, but also mixed macro statistics from the United States and fears of a hard landing in China
  • All major strategies are showing negative results since the beginning of the year, with Macro and CTA performing best in relative terms
  • SEB continues to have a cautious attitude towards Equity L/S during the current and coming quarters, with market conditions for Equity Long/Short remaining exceptionally difficult
  • Relative Value managers in fixed income investments performed relatively well in the last quarter. Looking ahead, there will probably be major upturn potential for bonds when there is favourable news about the euro crisis. SEB is therefore positive towards Relative Value during the next quarter
  • For Event Driven strategies, the third quarter was the worst since the 1998 Asian financial crisis. Even though various companies will probably seek higher revenues through corporate deals during an economic downturn, today’s turbulence in the euro zone are likely to hamper activity in the near future. Event Driven and Distressed are strategies SEB does not recommend at present
  • On the whole, Macro and CTA were the best-performing strategies during the third quarter, with a downturn of 0.9 per cent. They are viewed by most observers as a tool for portfolio diversification that is expected to perform well when other asset classes are having difficulty. Macro and Trading remain SEB’s first choices among hedge fund strategies in the near future
For a full copy of SEB's recent Investment Outlook: "A global search for return" published in December 2011 please contact: Robert Roessler, direct line: 0203 128 8592, seb@mhpc.com

BG

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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  3. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  4. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  5. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it