In its latest outlook, FRM, Man Group’s $19.5 billion fund of hedge funds and managed accounts business, identifies three potential sources of return for hedge funds. The preferences that FRM expresses are based on a specific market outlook. Europe’s largest independent FoF has an outlook on markets that remains broadly unchanged: FRM thinks that the […] Read more »
Mr Bernanke Goes For Broke
Stephen Lewis, Chief Economist, Monument Securities At his press conference yesterday following the FOMC meeting, Mr Bernanke was intent on pointing out that monetary policy is no panacea. This has been his constant refrain recently, a plea for clemency perhaps in any judgment of the Federal Reserve’s limited success in meeting the terms of […] Read more »