Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Japan story not over for hedge funds

Friday, July 04, 2014

Komfie Manalo, Opalesque Asia:

Tokyo-based Nikko Asset Management said the geopolitical issues around the globe are not much of a threat but warned China poses a particular concern. At the same time, Nikko AM’s Global Investment Committee met on June 24th for its quarterly review of global economic conditions and said the Japanese stocks have rallied during the second quarter.

"The world’s geopolitical situation currently is not as troubled as we previously viewed it," Nikko Asset Management said John F. Vail, chief global strategist and head of the Global Investment Committee. "Even though there are still some hot spots, on their own they’re not likely to derail steady global growth."

One particular area of concern is China’s property market. "Never has the world witnessed such a large speculative holding of vacant apartments, which will be severely tested as prices decline," Vail said. "So far there are no signs of panic, and we expect continued government reforms to begin to excite foreign equity investors in the coming quarters. In fact, the government continues to push economic reforms, which has caused junk bond yield spreads to surge and credit defaults to become common place. Ultimately these are prudent actions that will benefit the market in the long ru......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1