Tue, Oct 25, 2016
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


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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From Thisismoney.co.uk: The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From CNBC.com: Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Marketwatch.com: Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Forbes.com: Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa