Wednesday, 1 October 2014
Last updated 10 hours ago
Jun 15 2010 | 6:58am ET
Despite May’s woes, HSBC Private Bank couldn’t be more optimistic about hedge funds.
The firm reiterated its overweight position in hedge funds, saying they are a better bet than global equities, which HSBC slashed its exposure to in April.
“Hedge funds are traditionally well-placed to look at relative value between assets and to exploit pricing anomalies,” Fredrik Nerbrand, head of global strategy at HSBC Private Bank, said. “They also tend to be good at taking advantage of higher volatility in the markets, which we are currently observing.”
Why? “In contrast to the majority of 2009 in which investors were rewarded for taking on risk, we believe 2010 will be a rather different environment—a year of differentiation where equity and bond markets are likely to be lower than they have been since March 2009,” Nerbrand explained. “Therefore, it will be more difficult for investors to make money just by being long; other strategies need to be implemented to increase expected portfolio returns.”
HSBC is especially bullish on long volatility and discretionary macro strategies, Peter Rigg, head of alternative investments at the firm, added.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...