Hedge Fund News From HedgeCo.Net


Hedge fund managers forecast stock market gains at conference

CNBC Business News – BOCA RATON, Florida Jan 22 (Reuters) – After years of favoring fixed income, investors are ready to put their money back into equities and they might be rewarded with strong returns, especially in U.S. stocks, hedge fund managers and investors said at a conference on Tuesday.

“We have seen outflows from government bonds and the next big migration is going to be into equities,” said Tim Garry, a portfolio manager at $3.7 billion Passport Capital.

This shift, the first since the 2008 financial crisis, could come as welcome news for thousands of hedge fund managers who specialize in stocks.

Debating exactly where strong returns might come from after a largely lackluster year for hedge funds was the key topic at the GAIM USA 2013 conference in Florida.

“There has been lots of money flowing into credit strategies, but I also think there are more returns to be made in equities,” said Patrick Wolff, whose $120 million Grandmaster Capital Management gained 22 percent last year.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply