Tag: us

Isaac Souede, chairman of $20 billion fund of hedge funds Permal, says China does not respect the euro and that an American double-dip recession would spark protectionism in ... And deflation would reduce the value of inflation-linked assets, making them an attractive play, says the firm's chairman, Robert Arnott. But he's more concerned about ... Portfolio manager Kenneth Buntrock believes credit is still the best place to be in US fixed income. Robert Manning, chief executive and chief investment officer at MFS Investment Management, is betting that high-quality stocks will provide the best long-term returns. Mary Chris Gay, a portfolio manager at Legg Mason Capital Management, believes the recovery in corporate earnings could surprise investors on the upside. ClearBridge's Scott Glasser says there are serious doubts as to what will stimulate end demand in the next three to six months. Russell Investments' quarterly survey shows US fund managers turning to more aggressive strategies and moving away from defensive plays. A proposed new tax on fund managers located in the US looks like commercial suicide, and may encourage managers to set sail to the Orient. Spreads have rallied over the past two months, but some portfolio managers report investors have a growing appetite for risk. Most fund managers failed to act or insulate their portfolios, believing they understood the downside, according to ClearBridge's Harry Cohen and Scott Glasser. The election of Barack Obama as the next president will radically improve the way the rest of the world sees and interacts with the US, says AMP Capital Investors’ Shane Oliver. Royce & Associates notes that uncovering opportunity in poor market conditions is one of the most effective ways to build strong absolute long-term performance. Now that the US Senate has passed the bailout bill, everyone affected by the current turmoil in US financial markets is waiting to see whether the House of Representatives will ... After years of being underweight in US equities, Aberdeen is now pouring more money into that market, but is short of going overweight. Careful stock selection, patience, and discipline will be key to reaping rewards in the US for the rest of this year, says Russell Investments. But the rewards will be limited. The fund house says the current economic backdrop should provide a basis for stock prices to grind higher and it prefers more defensive markets such as the US and Japan. US productivity numbers and Fed chairman Ben Bernanke’s support of a stronger dollar improves sentiment for equities worldwide. For the second straight month, global fund managers polled by Merrill Lynch still favour the US over other equities markets. The latest Merrill Lynch poll shows global equities fund managers are most overweight in the US, reflecting cheap valuations in that market. The three governments agree on principles that include greater transparency and making investment decisions on commercial grounds and not for geopolitical reasons. Separately, ...