Incisive Views from Professionals
By Stephen Pope, Managing Partner of Spotlight Ideas Any investment is speculative. Speculation is not manipulation. Markets hold politicians to account. Shorting is an essential trading tool. Be wary about a cumbersome restriction on algorithms The word “Hysteria” has its root in the Latin “hystericus”. It refers to “exaggerated or uncontrollable emotion or excitement” […] Read more »
By Morten Spenner, CEO of International Asset Management (IAM) Here are our forward-looking investment views looking into 2013. Market context – more constructive on the market environment Overall, we continue to observe a global economy which is recovering and with investor sentiment increasingly reflecting this. The most noteworthy recent developments have been the effective […] Read more »
By Simon Kerr Fortress Investment Group LLC reported 3Q 2012 results recently. Fortress divides its hedge funds into two groups – Liquid Hedge Funds and Credit Hedge Funds. Credit Hedge Funds includes the Drawbridge Special Opportunities Fund and the Value Recovery Funds, and the Liquid Hedge Funds includes the Fortress Convex Asia Fund, Commodities Fund, […] Read more »
By Manuel Arrive, Fitch France S.A.S., and Alastair Sewell, Fitch Ratings London Fitch Ratings expects credit markets to be less directional in the coming months. As a result, short duration, lower volatility and absolute return strategies with more performance contribution from bond picking will gain traction and are currently being launched by most advanced asset […] Read more »
July was a choppy month for equity markets and risk assets in general. The MSCI World index ended the month up 1.3%, but during the month the index reversed and changed direction on four occasions moving down or up more than 3% each time. Credit markets showed similar volatility but posted gains by month end. […] Read more »
Just like the private equity business, Leveraged Buy Out (LBO) activity is usually subject to a cycle related to that of the stock market with a lag. On top of that in Europe there used to be laid a secular growth in LBO volume, and a long-term trend towards a wider variety of buy-out financing […] Read more »
By Simon Kerr A couple of weeks back I joined in a presentation put on by PRMIA (The Professional Risk Managers International Association) at Imperial College, London. The sessions were on hedge funds and credit risk, and so I tapped into my experience as a risk manager in a single manager hedge fund and what […] Read more »