Fri, Dec 9, 2016
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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest