Strategy The Euro’s Survival and traditional asset classes prospects for 2012
On the basis of the survival «in fine» of the Euro through a constrained and massive indirect monetization from the ECB, what are the expectations for 2012 on foreign exchange, short-term rates, long-term rates and (...)
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Strategy CTAs lead the pack in April
For the second month in a row, CTAs outperformed hedge fund strategies in April. According to the Lyxor CTA peer group, the strategy was up +1.6% in April, which brings the year-to-date performance close to +5%.
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Strategy Quality, the positive factor
Quality is positive: it is about good companies that are efficient at managing their businesses profitably, creating shareholder value and being rewarded with above average returns. Yet, quality is not always easy to recognise or measure. Here are a few pointers for avoiding (...)
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Strategy Agricultural land rush of investment funds!
After launching products indexed to changes in prices of agricultural products, many banks and investment funds are turning now to the land acquisition...
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Strategy The index revolution (finally) comes to hedge funds
One common knock on factor models is that they “replicate only beta” – not the pure alpha gold that allocators seek. This critique pre-dates the appreciation of factor rotations. Outside of some ivory tower statistics class, no one questions the “alpha” generated by, for (...)
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Strategy Corporate Bonds – Ideal for Emerging Markets diversification
With sovereign ceilings rising, corporate governance and overall transparency improving, demand and liquidity high and returns attractive relative to risk, what’s not to like about Emerging Markets corporate bonds?
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Strategy Buy in may and go away
According to Mandarine Gestion, current valuation levels in the banking sector constitute opportunities rarely seen over a medium-term horizon. However, over the short term, investors are preferring to focus on two factors while at the same time exaggerating in our view (...)
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Strategy Are L/S Equity Managers playing the European Recovery?
Economic prospects in Europe are noticeably improving. The new wave of virus infections since late fall 2020 led to tighter mobility restrictions, which delayed the European recovery. High frequency indicators suggest economic activity was down around 20% from normal over (...)
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Strategy Market neutral l/sto remain under pressure
In recent months, Market Neutral L/S strategies underperformed other hedge fund strategies, in a context where risk assets rallied following the Pfizer vaccine announcement in November 2020. While the strategy is not designed to capture the equity market beta, the alpha (...)
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Strategy UK’s Brexit vote to have wide repercussions, leads to change in economic and market scenarios
Results from the UK’s referendum on membership of the European Union (EU) indicate that voters have decided the UK should leave the EU. This result is likely to have wide political, economic and financial market repercussions, leading us to alter our economic and market (...)
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Strategy Impact investing: Think long term, act now
ESG compliance or financial performance? While this may have been a choice in the past, today the point is obsolete. By recognizing the impact of our investments, we have taken an important step forward as we seek to reconcile responsibility and returns, and strike a balance (...)
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Strategy Nordic Sovereign bonds, the last safe investment in Europe?
The yield of the Swedish 10 year notes fell to a new historical low. A move which indicates that Sweden is viewed by Investors as a new hedge…
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Strategy Eric Robbe : « Investors clearly understand the issue to be placed on this asset class" »
According to Eric Robbe, President of Laffitte Capital Management, it is very easy to measure the tail risk on dividends strategies, which gives its full dimension to the robustness of the portfolio allocation in a management process based on the budget risk that one (...)
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Strategy In troubled markets, the dividend is what the investor remembers when he has forgotten everything
According to Eric Labbé, Thematic equity manager at CPR AM, for 2019, the high dividend strategy is therefore an advantageous alternative in the framework of defensive equity management in the context of a challenging (...)
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Strategy Not the start of a bear market
According to Mohit kumar, Global Head of Rates Strategy, Crédit Agricole CIB, thus a rate sell-off from current levels becomes self-defeating. If rates sell-off further, it would trigger a sell-off in risky assets which would in-turn create a bid for fixed (...)
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