The dollar continued to depreciate against major currencies over the recent weeks, in a context where the US administration has struggled to gain reform momentum in the health care and fiscal areas; according to the latest Weekly Brief from Lyxor’s
Paul-Georges Moucan, Portfolio Manager at hedge fund Quadra Capital Partners, comments on China’s September activity data… China’s September activity data was largely in line with market expectations but in our view showed tentative signs of momentum losing steam. Low global
The sharp outperformance of technology stocks, which represent 23 per cent of the the S&P 500 currently, lifted the index to new records last week, according to the latest weekly brief by Lyxor’s Cross Asset Research team. In turn, the
The UK’s slide into recession could squeeze investor flows into the country, carrying far-reaching implications for hedge funds focused on UK markets. Data released this week shows UK GDP contracted by 20.4 per cent between April and June – the
Hathersage Capital Management LLC is a global macro manager founded in 1991. Employing a discretionary global macro philosophy which it applies strictly to G10 currencies, the firm takes directional market views using interbank spot, forwards and options. "Unlike equity and
Despite global bond investors being on edge at apparent central bank impotency, the probability of a sizeable bear market is low with a possibility that fiscal policy could prove effective, according to asset manager AlllianceBernstein (AB). John Taylor (pictured), portfolio
Alberto Gallo, head of macro strategies at multi-strategy credit and equities hedge fund Algebris Investments, has compared investors in government bonds to “boiling frogs” who risk seeing their returns “wiped out” from future inflation rises. As government bonds increasingly offer
Following some profit taking in major Asian markets in recent weeks, Quaero Capital believes that a market correction is likely as tensions rise in North Korea, as well as in US-China relations, and in the Gulf between Qatar and Saudi
The first half of the year has seen a sharp divergence in returns between Event Driven and Global Macro strategies. These dynamics were also at play last week and so far this month, with Event-Driven extending gains and Macro funds
CTAs are currently holding a net short position in commodities and developed market equities, and have increased their net long exposure to fixed income, in what signifies a clear, deflationary position. This defensive posture would suggest that managers are expecting
