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Article: Hedge Fund Bosses Tip Global Macro, Market Neutral
- Article from:
- Daily News
- Article date:
- June 17, 2008
- Author:
CopyrightCopyright 2008 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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MONACO (Reuters) - Global macro and market neutral strategies
look set to be top performers over the next 12 to 18 months, but it
is still too early for a pick-up in distressed debt investing, top
hedge fund executives said at the Global Alternative Investment
Management meeting in Monaco.
Speakers said current volatile market conditions and the prospect
of the credit crisis continuing or getting worse made market neutral
funds, which aim to make money in both rising and falling markets,
and macro funds attractive.
"With high levels of volatility they [market neutral] should be
able to get good returns for less leverage. If you're concerned
about the level of markets and the continuation of ...