2 November 2008 22:17
He predicts that many hedge fund managers will close down because they realise it is unlikely they will reach high-water marks, which are designed to allow investors to recover losses without having to pay performance fees until the original targets are reached.
He said that the impact of asset allocation rebalancing by disciplined pension funds would assist the recovery.
“I think we could end the year with the (US share) market at around the level of June or July,” he said.
returns, allocation, versus, current, decline, “a, “but, strategists, today;, strategies, performance, ”
Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.
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