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From Precy Dumlao, Opalesque Asia:
Morten Spenner, CEO at London-based International Asset Management (IAM), one of the oldest independent funds of hedge funds firm, recently released his latest outlook for a range of strategies for the second quarter of this year.
Spenner predicted in December that allocations to hedge funds would continue to grow in 2010 in response to the uncertain macro-economic environment, and that risk management, transparency and operational standards would be key to funds managers' success (Source).
Spenner is now bullish on Long/Short Equity, Macro and Credit strategies, believing these would have positive returns in the near term. But he said he is adopting a cautious stance on Event Driven, Fixed Income Relative Value, and Trend Followers/CTAs.
Long/Short Equity
Spenner favors L/S equity managers that focus on the U.S., Asian and emerging markets and those with a variable bias and a trading-orientation. He said managers prefer strategies that are quick to adopt to changing market conditions.
The results of various indices on L/S equity in April are as follows: Hennessee Long/Short Equity Index up 1.43% in (+4.59% YTD); EDHEC Long/Short Equity Index, 1.06% (3.8% YTD); Eurekahedge Long/Short Index, 1.15% (3.21% YTD); Greenwich Long/Short...................... To view our full article Click here
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