Thu, Sep 3, 2015
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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner