Thu, Apr 2, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner