Mon, Jun 29, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

No big wins in fiscal cliff deal, but carried interest rules stay in place for hedge funds, private equity
Thursday, January 03, 2013

Bailey McCann, Opalesque New York:

Although the US successfully averted a second global recession for at least a few months, there aren't many winners coming out of the latest fiscal cliff deal. Yet, for the US equities market and alternative investment firms, things could've been a lot worse. US equities ended the day on a high note in the first trading day after the deal was announced. So far, Asian markets which had been holding their breath during the negotiations now seem to be ticking to the upside. Alternative investment firms may also find one other positive: carried interest rules remain in tact.

US Stocks pushed the S&P 500 up 13% today, making one of the best days in recent months for US equities. The rally may continue on through the end of the week, offering a post holiday bounce to some portfolios. However, US watchers and participants probably shouldn't hope for much more than that. Several hurdles are coming up and even though a deal was reached, there is no indication that the pressure is off.

The Asian market......................

To view our full article Click here
Article link
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m

Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. TOMS
  2. CIFC
  3. Zimmer Partners
  4. Orion Commodities
  5. Qube
  1. mortgage fund
  2. fund manager
  3. HBK
  4. Kenmar
  5. new fund launch