Arab Today, arab today hedge funds take profits after bumper quarter
Last Updated : GMT 03:10:28
Arab Today, arab today
Arab Today, arab today

Hedge funds take profits after bumper quarter

Arab Today, arab today

Arab Today, arab today Hedge funds take profits after bumper quarter

London - Arabstoday

Hedge funds are cashing in some of their chips after enjoying a bumper first quarter, wary that a sudden change in market sentiment could see them take the sort of losses suffered in last year\'s volatile markets. Hedge funds returned 5 per cent in the first two months of the year, the best start to a calendar year since 2000 according to Hedge Fund Research, as the European Central Bank\'s €1 trillion (Dh4.87 trillion) cash injection boosted assets across the board. Some star names recorded huge gains. Crispin Odey\'s Odey European fund gained 21.1 per cent and Johnny de la Hey\'s Tosca fund rose 13.7 per cent to mid-March, while Michael Hintze\'s $1.4 billion CQS Directional Opportunities fund was up 13.9 per cent to end-February. Many managers remain positive on markets, but in a number of cases have opted to trim their bets, influenced by sharp volatility last year during the Eurozone debt crisis that saw the average fund lose 5.3 per cent and some more bullish funds take much bigger losses. Over the last week or so we\'ve actually seen [risk] come off a bit,\" said Paul Harvey, European head of sales in prime finance at Citi. \"We all want this rally to continue but we are all relatively cautious about the broader macroeconomic environment and the political environment, and uncertainty certainly prevails.\" Many managers came into this year with low levels of risk, missing out on the start of the rally after underestimating the impact on markets of the ECB\'s so-called Long Term Refinancing Operations, designed to avoid another credit crunch. Main worries CQS\'s Australian founder Hintze is among those to have struck a more cautious tone recently. In his February investor report he wrote: \"We remain broadly constructive on markets but are mindful of potential volatility that could arise due to the ongoing macro uncertainty.\" Managers are worried the Eurozone debt crisis could flare up again, that China\'s economic growth is slowing, and that tensions between Iran and the West could lead to further gains in the oil price that could reignite inflation. David Stewart, chief executive of Odey Asset Management, told Reuters the firm remained bullish on equities, preferring them to credit. But he added: \"When the market has had a good run then you often trim a bit. We haven\'t changed our view. We know it\'s going to be difficult ... Equities are the right place to be.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hedge funds take profits after bumper quarter Arab Today, arab today hedge funds take profits after bumper quarter

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday