Man FRM Early View | Pocketmags.com

Shopping Cart -

Your cart is currently empty.
Upgrade to today
for only an extra Cxx.xx

You get:

plus This issue of xxxxxxxxxxx.
plus Instant access to the latest issue of 300+ of our top selling titles.
plus Unlimited access to 27000+ back issues
plus No contract or commitment. If you decide that PocketmagsPlus is not for you, you can cancel your monthly subscription online at any time. Auto-renews at $13.99 per month, unless cancelled.
Upgrade Now for $13.99 Learn more
This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
CA
Pocketmags Digital Magazines
   You are currently viewing the Canada version of the site.
Would you like to switch to your local site?
Read anywhere Read anywhere
Ways to pay Pocketmags Payment Types
Trusted site
At Pocketmags you get
Secure Billing
Great Offers
Web & App Reader
Gifting Options
Loyalty Points

Man FRM Early View

June 2017

Markets

As John F. Kennedy said in his state of the union address in 1962, “The time to repair the roof is when the sun is shining”. With eight years of quantitative easing still compressing yields and inflating valuations, the sun still seems to be shining on pretty much all asset classes. In the first half of the year passive exposure to equities and government bonds returned 7.1%1 and 4.5%2 respectively. But confidence among asset managers in the sustainability of this move in risk assets appears stretched. The recent 20% peak-to-trough decline in the oil price has reopened the cracks in the high yield market, undermining expectations in credit more generally, but the government bond move speaks of a deeper unease. US 2yr notes are close to the highs in yield on the year, while the long end has rallied, flattening the curve by some 50bps since March.

In the very big picture, we believe forward returns on traditional assets simply do not square with the needs of ageing populations, but there are also concerns in the shorter term. A notable and rising proportion of our clients are thinking about ways to help protect against future volatility (the vogue terms are ‘Crisis Risk Offset’, ‘Tail Risk Protection’ or ‘Crisis Alpha’). We believe that this kind of fixing the roof deserves closer attention.

READ MORE
Purchase options below
Find the complete article and many more in this issue of The Hedge Fund Journal - Issue 124 - July 2017
If you own the issue, Login to read the full article now.
Single Issue - Issue 124 - July 2017
$159.99
Or 15999 points
READ NOW
Getting free sample issues is easy, but we need to add it to an account to read, so please follow the instructions to read your free issue today.
Email Address
6 Month Digital Subscription
Only $ 170.00 per issue
$849.99
Or 84999 points

View Issues

About The Hedge Fund Journal

Informing the Hedge Fund Community. With access to some of the industry’s biggest names and an astute and talented group of writers and contributors, The Hedge Fund Journal has established itself as a trusted source of information on the hedge fund industry.