Thu, May 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

US Dollar favorite currency of hedge fund managers, few of whom expect Greek sovereign debt crisis to destroy Euro - TrimTabs/BarclayHedge

Tuesday, March 09, 2010
Opalesque Industry Updates - TrimTabs Investment Research and BarclayHedge reported that the U.S. dollar is the favorite currency of hedge fund managers. Six in 10 managers cite the greenback as their preferred currency investment over the next three months, according to the February TrimTabs/BarclayHedge Currency Survey of Hedge Fund Managers.

“The debt crisis in Greece and the U.S. dollar rally have drawn the attention of market participants to currencies,” said Vincent Deluard, Global Equity Strategist at TrimTabs. “We think currencies will be a dominant investment theme throughout 2010.”

Nearly 26% of hedge fund managers expect a quick resolution to the Greek crisis, while 59% believe it will spread without endangering the Eurozone. Only 15% of managers believe it will lead to the destruction of the euro.

“The euro is one of the few successes of the European Union in the past 10 years,” noted Deluard. “France and Germany are likely to protect it if the problems in Greece spread to other Eurozone members.”

Nearly all managers expect the yield on the 10-year Treasury note to hold steady or rise significantly by year-end. Only 7% expect the yield to drop.

“Many hedge fund managers are worried about a bloodbath in the bond market, which is understandable because governments on both sides of the pond are selling huge amounts of debt,” Deluard explained.

The TrimTabs/BarclayHedge Currency Survey of Hedge Fund Managers summarizes the opinions of a wide range of hedge fund managers every month. Respondents have assets under management averaging $113 million and reaching as high as $3 billion.

Corporate website: Source

kb

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year