Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque Radio

Hedge funds, at Credit Suisse's Asset Management division are currently an asset allocation overweight
Radio Feature 17: Anja Hochberg in conversation with Sona Blessing
 
Monday, June 06, 2011
radio In this feature, Anja Hochberg, Head Investment Strategy at Credit Suisse’s Asset Management division, shares their tactical and strategic asset allocation outlook and potential investment opportunities on the radar screen...including why hedge funds, at Credit Suisse's Asset Management division are currently an asset allocation overweight, why they expect the trend in inflation will be upward rather than downwards, and amongst others why gold as a strategic investment continues to be favoured...

 Download this feature as MP3 (11.18 MB)

 
Listen to the complete feature
Hedge funds, at Credit Suisse’s Asset Management division are currently an asset allocation overweight

Duration: 12:12 

 

Or listen to selected sub-features
  • Q1 - Given the high degree of uncertainty enveloping financial markets - particularly in the context of the challenges facing the US, Eurozone and Japanese economies … how are these issues conditioning your formulation of strategic and tactical asset allocation strategy?
                Tactical overlay - opportunities will outweigh the risks
                Strategic emphasis on "real assets"
                Lows reached - with regards equities; might even provide some good entry opportunities


    Duration: 02:10 


  • Q2 - What is the probability of global financial markets slipping back into a recession?
                Tail risk (probability is rather low but could have a huge impact)
                Triggers could be high oil prices, un-orderly restructuring of the Greek debt issues
                Are Spain and Italy next? v.s. Greece, Ireland, and Portugal’s sovereign debt crisis
                The fiscal discipline issue is something markets will continue to follow closely
                The role of the USD - the US deficit, structural issues...

    Duration: 03:09 


  • Q3 - Real assets including equities will outperform nominal assets
                Low yields + somewhat higher inflation outlook
                The inflation pendulum effect - has likely reached the bottom of the deflationary cycle and hence expect the trend in inflation will be upward rather than downwards
                Commodities and gold - will continue to play out on the back of the underpinning emerging market growth story
                Gold's upside potential?


    Duration: 02:20 


  • Q4 - An allocation of 20% to alternative investments and their current overweight in hedge funds

    Duration: 01:06 


  • Q5 - Emerging markets do face a temporary economic slowdown - which differs, as it is policy induced which is welcome and has the advantage that it can be fine tuned
                Emerging market economic growth might come back somewhat quicker to the agenda than the economic growth in the developed markets

    Duration: 02:04 


  • Q6 - It is important to have a robust investment strategy for the medium to longer term - so a benchmark does not really matter
                Waiting till the macro economic factors have been fully priced in by the markets - it already has been to a large degree, but not yet fully
                Still need to see how the end of Quantitative Easing II is going to play out, which could provide volatility
                Once “the dust has settled” - recommend going back into risky assets - equities and commodities, and favour emerging markets for instance, and recommend beefing up the exposure to commodity cyclicals.

    Duration: 01:20 



Radio Link
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is