In that case, “those 19 stocks may be more difficult to borrow, and the cost of borrowing would likely rise,” said Russell Kamp, the New York-based chief executive officer of the global structured product group at Invesco. One prime broker, who declined to be identified, said it’s a good bet that the costs of borrowing shares will head higher. For now, market veterans say any upward pressure on shorting costs is likely to prove manageable.
The senior investment leader describes the governance challenges as “huge” for funds moving into alternative asset classes because of the complexity and also because of the gap between the best and worst performing general partners and investment managers.
Matthew SmithMarch 10, 2021
This year’s single-best trade was Chinese mid-cap semiconductor and tech stocks, according to UBS O’Connor's Kevin Russell. This illustrates how China’s domestic consumption economy allows it to combat any trade wars with the US.
Jessica SierSeptember 24, 2020
While Sunsuper's access to cash and public market meant its alternatives allocations weren't tapped for liquidity to facilitate early release payments, Tomlinson said he could take advantage of some more liquid ‘hedge fund-type’ investments during tumbling markets.
Jessica SierSeptember 23, 2020