Salient to Investors: Eugen Weinberg at Commerzbank predicts Brent crude will rebound toward $110 a barrel this month, and says the oil markets prefer Obama. Morgan Stanley said Brent will remain in a range of $105 to $110 as higher refinery runs offsets global economic risks. Ken Hasegawa at Newedge Group said we have plenty of crude worldwide,
READ MORE... →Salient to Investors: Salient Partners LP is limiting withdrawals after clients pulled more than $1 billion this year amid lackluster returns. The most sophisticated institutional investors are getting the same treatment that endowments and foundations received in 2008: a manager is blocking them from getting their money out. GFIA said that
READ MORE... →Salient to Investors: The HSI Volatility Index reached a six-year low earlier this month, and the Nikkei Stock Average Volatility Index is trading near a 20-month low. Andrew Wong at Fortress Investment Group said the last time we heard that volatility was never going to rebound was in late 2006, just
READ MORE... →Salient to Investors: Julian Robertson at Tiger Management said hedge funds positioned for a “disaster” are making a mistake – so bearish that they’re not going to get out of it without a black-swan type event. The Bloomberg Global Aggregate Hedge Fund Index is up 3.1 percent in 2012 through September versus
READ MORE... →Salient to Investors: Investors are growing wary of publicly traded securities as interest rate cuts at central banks helped inject liquidity into markets, bolstering bonds and stocks. Scott Kalb at KLTI Advisors said: Sovereign wealth funds are increasing their allocations to alternatives Institutional investors are focusing on hedge funds and private
READ MORE... →Salient to Investors: Luca Molinari at Warburg Pincus is targeting infrastructure service providers in Brazil which will grow significantly in the coming years. BTG Pactual Participations and Carlyle Group also seek to profit from investments needed to upgrade Brazil’s infrastructure for the World Cup and 2016 Summer Olympic Games. Eduardo Centola at Banco
READ MORE... →Salient to Investors: No U.S. law prevents a convicted felon from managing a hedge fund, as long as that person isn’t required to be registered under the Investment Advisers Act. Wall Street crooks either get rich by cheating their clients or by cheat for their clients. The stock market is soaring
READ MORE... →Salient to Investors: Hedge funds are turning away from a rally in the global stock market for the first time this year. The ratio of bullish to bearish bets is below historical averages. Bulls say gains will rise as managers who have trailed benchmark indexes most of the year buy. Bears
READ MORE... →Salient to Investors: Asia hedge funds 1.6 percent in 2012 thru August versus 3.2 percent for the global benchmark and have ad outflows of $447 million in 2012. The MSCI Asia Pacific Index is up 8.2 percent in 2012 versus up 13 percent for the MSCI World Index. Hedge Fund Research said 77% of Asia funds
READ MORE... →Salient to Investors: Chad Morganlander at Stifel Nicolaus said a structural shift in China’s economy and European economic woes will pressure commodity prices – China over the last few years artificially torqued its economy. China is the world’s biggest consumer of everything from copper to pork to soybeans, while the U.S. is the largest user of crude oil and
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