SkyBridge’s Scaramucci Says Hedge Funds Confident About Global Economy

Aug 12 2010 | 12:29pm ET

Despite worrying news about the global economy, hedge funds do not expect the markets to tank, according to two industry players.

“I don’t think we’re looking at a long-term train wreck,” SkyBridge Capital’s Anthony Scaramucci told CNBC’s Fast Money.

“There’s no question that the Fed signaled they’re worried,” he said. “But most of the hedge funds I spoke with on Wednesday are only looking for a 5% to 10% correction.” Scaramucci added, “over the next three to four weeks, I think we see the market stabilize.”

Metropolitan Capital’s Karen Finerman agrees that hedge funds are well positioned, and won’t contribute to the problem, at any rate.

“No hedge funds that I know of are levered up big,” she told CNBC. “That should mean we’re not going to see forced selling in the marketplace.”

“And for what it’s worth,” Scaramucci said, “I don’t think there will be a double-dip.”


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note