Thu, Jun 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

FRM predicts compelling case for active management

Tuesday, January 08, 2013
Opalesque Industry Update - FRM, Man Group's $19.5bn fund of funds and managed account business has published its 'early view' on hedge funds.

Market outlook

  • Fiscal reformation across developed markets will continue to be a dominant factor on market price action through 2013 and beyond.
  • In the US, the next milestones will be the final decisions on spending cuts and the debt ceiling deadline, both of which fall on 1 March 2013.
  • In Europe, politics is likely to provide the potential stumbling-blocks. The Italian elections in February are the first test, and afterwards it difficult to see how any concrete decisions related to the fiscal compact might be agreed before the German election takes place in September.
  • Emerging markets in aggregate appear to be relatively stable with modest growth expectations over the coming period.

Hedge fund outlook

  • The outlook for traditional investments is uncertain: risk-free assets have negative real yields and the likelihood of an increase in short-term rates appear to be slim to none.
  • With the outlook for passive investing so poor, the case for active management is even more compelling. As a result, investors are continuing to allocate to active management in order to achieve the desired outcomes from their portfolios, as evidenced by the growth of the hedge fund industry in 2012 and expectations of further growth in 2013.
  • It is our long-term expectation that this delivery of absolute returns will continue to be at the core of hedge fund investing.

Press release

bc

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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.