By Stewart Richardson, Chief Investment Officer of RMG Wealth Management We held our quarterly investment meeting last week (please let us know if you would like to receive a copy of the chart pack), and as you would expect, in both preparing for the meeting and in discussion during the meeting, we thrashed out […] Read more »
Fed Ploughing a Deep Furrow of Confusion
By Marc Ostwald, Strategist at ADM Investor Services International Limited If the FOMC’s objective was to convey confusion, it has succeeded, thereby ploughing a deep furrow of instability and destabilization, and shining a very bright light on the large debt and liquidity trap it and other G7 central banks have spent 7 years crafting. […] Read more »
The Environment Is Good For Systematic FX As Well As CTAs
By Douglas Garistina Chief Executive Officer of Sequoia Capital Fund Management ‘What is a favourable environment for my strategy’ is a question that every portfolio manager must be able to understand and identify. The answers will, of course, depend on what type of strategy is being run, the markets the strategy focuses on, its […] Read more »
Greece Backs Down But Remains In The Game According to LNG’s Jenkins
By Gary Jenkins, Chief Credit Strategist at LNG Capital On Friday night it was announced that Greece had secured a four month extension to its bailout and thus the headlines screamed that a Grexit had been averted and that the Eurozone was saved. Well, maybe. First of all the Greek government has to […] Read more »
SkyBridge Capital De-Risk Anticipating A Meaningful Dislocation In Markets
In this webcast transcript Troy Gayeski, Senior Portfolio Manager, and Ray Nolte, Chief Investment Officer of SkyBridge Capital discuss how the shifts of market and economic background have driven the decision making on the flagship SkyBridge Multi-Advisor Hedge Fund Portfolios (Series G). 1. Q2 Portfolio Review: How much did the portfolio shift? Troy Gayeski: […] Read more »
The Pace Of Tapering By The Fed Under New Leadership
By Colin Cieszynski, Senior Market Analyst, CMC Markets Following the decision to commence tapering at the last meeting, this article looks what the possible outcomes from the forthcoming FOMC meeting could mean for market participants this year. The article addresses: The key questions following the Fed meeting in December Why QE may be trimmed […] Read more »
Unemployment Rates and Implications for US and UK Monetary Policy
By Alastair Thomas, Head of Rates and Treasury Management at ECM The central banks of the US, the FOMC or “Fed”, and the UK, the Bank of England (“BoE”) have tied their monetary policy to explicit unemployment levels as well as inflation. Since 1977 the Fed has had a dual mandate to target maximum employment […] Read more »
Chart of the Day – What QE Looks Like: Reserve Balances at the Federal Reserve
By Hedge Fund Insight staff Figures in Billions of Dollars Source: Fed, Bloomberg, McAlinden Research Partners, Catalpa Capital Advisors | catalpacapital.com Read more »
Everything that Glitters…A Gold Bear Explains His Position
By Hakan Kocayusufpasaoglu, CIO Archbridge Capital AG QE reduction is the start of tighter monetary policy in the US. Though we expect this tightening to be slower than the Fed forecasts, we do believe that this is only the beginning. Gold reacts badly to higher real interest rates and rates will rise for a long […] Read more »
Chart of the Day – Where Rate Policy is Easiest & Tightest in EEMEA
From Bank of America Merrill Lynch FI Strategist David Hauner To estimate how much policy rates in EEMEA may have to increase if monetary policy in the US normalizes, we employ six models. The first four are purely empirical: they let the data “speak” and themselves reflect the impact of QE and the output […] Read more »