2023-06-30 17:12:46
US hedge funds share strategies for the second half of 2023
The second half of this year will provide an opportunity to capitalize on changes in regulatory rhetoric. Archyde.com asked US hedge funds how they are going to win back this factor.
Read full version
Фото: Spencer Platt / Getty Images
Since September 2021, the leading central banks have collectively raised rates by more than 3,750 basis points. And although the pace of monetary tightening has already slowed down, the global economy has not yet felt the full effect, writes Archyde.com. According to the agency, the second half of this year will be an opportunity to capitalize on changes in regulatory rhetoric. US hedge funds shared their ideas and trading strategies.
Apple capitalization for the second time in history exceeded $ 3 trillion
UBS O’Connor — platform, works as an investment management company as part of UBS Asset Management
Portfolio size: $9.5 billion
Key strategy: Long-term convertible bonds and other securities trading below the option price
Casey Talbot, chief investment officer of UBS O’Connor Multi-strategy Alpha, suggested investing in convertible bonds trading at a discount. How writes agency, highly rated companies took advantage of soft financing terms following the start of the pandemic and issued low-coupon convertible bonds.
“With rates rising and equity corrections, these convertibles are now trading at extremely low dollar prices,” said Casey Talbot. According to him, such securities can bring good returns to investors if the issuer participates in merger deals or if it decides to buy back bonds from investors at a premium.
ICS Holding will consider plans to issue bonds and the possibility of an IPO
Indus Capital Partners is an investment fund specializing in Asian stock markets.
Portfolio size: $3.5 billion
Key strategy: long-term investment in shares of Japanese companies
Byron Gill, managing partner and portfolio manager of Indus Capital Partners, believes Japanese B2B stocks have the potential to make money in a period of high inflation.
Hedge fund Indus Capital Partners opened long positions in shares of industrial companies and companies in the commodity sector. Indus fund portfolio manager Howard Smith said he is focusing on identifying the beneficiaries of the real wage increase, such as retailers and restaurants. At the same time, as writes Archyde.comJapanese real wages declined for the 13th straight month in April.
Hedge fund manager warns investors regarding the danger of a bubble of everything
Redhedge Asset Management — credit hedge fund of Redhedge management company
Portfolio size: $380 million
Key strategy: long-term and short-term high yield bonds
Andrea Seminar, founder and CIO of Redhedge Asset Management, believes bond markets are undervalued. The ECB is reducing its bond holdings but remains a major holder of eurozone bonds, she said.
If the recession hits bond prices, it will widen the gap between highly rated high-yield bonds and riskier counterparts, he added. The expert prefers long-term investments in high-yield investment grade bonds and short-term investments in high-yield debt securities using the iTraxx Europe and iTraxx crossover indices.
Buffett ups stakes in five sogo shosha from Japan to 8.5%
Crawford Fund Management
Portfolio size: $1.2 billion
Key strategy: Short stock positions to electric car market outsiders
Chris Crawford, managing partner at Crawford Fund Management, believes that competition in the electric vehicle (EV) market will test both established and emerging manufacturers. How writes Archyde.comthe expert prefers short positions on securities of market outsiders.
The US authorities, as part of their strategy to decarbonize the economy by 2050, stimulate the American auto industry to accelerate the transition to electric vehicles, the agency writes. Traditional auto companies are ramping up EV supply chains, but newer companies are better at managing low-cost production lines and can bring the price down.
Author: Dmitry Ilyin.
1688183163
#hedge #funds #share #strategies
