Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of years, but it is fast losing its luster. Crude oil, industrial metals and a range of agricultural commodities are down significantly from their peaks earlier this year - in some cases by up to 50% - as rising interest rates increase the likelihood of U.S. and global recession.
Credit Suisse may "temper" some of its key growth initiatives in wealth management as it focuses efforts on a risk turnaround and bolstering technology, executives said in their first update to investors since a new strategy was set out.
Brazil's antitrust watchdog has given an investment fund managed by Canada's Brookfield
Asset Management (BAM) the greenlight to purchase assets from rental car companies Localiza and Unidas, the firms said on Wednesday.
- Traders have sharply increased where they see rate hikes by the world's top central banks ending this cycle as red-hot inflation readings may force policymakers to act more aggressively to quell price pressures. Dubbed the "terminal" rate, asset managers and borrowers have to take those levels into account in planning investment and funding decisions.
Traders have sharply increased where they see rate hikes by the world's top central banks ending this cycle as red-hot inflation readings may force policymakers to act more aggressively to quell price pressures. Dubbed the "terminal" rate, asset managers and borrowers have to take those levels into account in planning investment and funding decisions.
Hedge funds posted negative performance in May, accentuating their losses this year to almost 3%, as investors positioned for a potential recession, a report by hedge fund data provider HFR showed on Tuesday. The fund weighted composite index went down 0.58% in May, amid volatility in equities, bonds and commodities, HFR said, with all funds categories in the negative territory.
Hedge funds posted negative performance in May, accentuating their losses this year to almost 3%, as investors positioned for a potential recession, a report by hedge fund data provider HFR showed on Tuesday. The fund weighted composite index went down 0.58% in May, amid volatility in equities, bonds and commodities, HFR said, with all funds categories in the negative territory.
Hedge funds posted negative performance in May, accentuating their losses this year to almost 3%, as investors positioned for a potential recession, a report by hedge fund data provider HFR showed on Tuesday. The fund weighted composite index went down 0.58% in May, amid volatility in equities, bonds and commodities, HFR said, with all funds categories in the negative territory.
Morgan Stanley (MS): * MORGAN STANLEY'S TED PICK SAYS BANK'S MARKET SHARE IN INVESTMENT BANKING IS NEARLY 15%, BUT SEES ROOM FOR GROWTH. * MORGAN STANLEY'S TED PICK SAYS BANK NOT LOOKING FOR LARGE, CROSS-BORDER M&A. * MORGAN STANLEY'S CO-PRESIDENT TED PICK SAYS INVESTMENT BANKING FEES ARE BEING LED BY FIXED INCOME.
Rising borrowing costs and the worldwide fallout from the Russia-Ukraine war could see up to 10% of riskier 'junk'-rated emerging market countries suffer debt crises this year, analysts at U.S. investment bank JPMorgan have warned.
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