FUNDS

Lyxor: Global Macro Holds Tight on European Currencies’ Shorts

Global risk appetite remained steady during the recent months, despite continued investor concerns over asset price valuation and political risks, according to Lyxor's latest Hedge Fund Brief. The MSCI World is up 3.5% in Q2 as of early June*. Yet, sovereign bond yields remain very low and yield curves flattened, raising questions over investors’ confidence on the pace of economic activity going forward.

Martin Currie's Browne Comments On UK Election

Seven weeks ago, UK Prime Minister Theresa May called a snap election with the aim of consolidating power for the Conservative Party ahead of negotiations to leave the European Union (EU). This high-risk political strategy has failed with the party losing its majority and the UK heading towards a hung parliament. Michael Browne, Portfolio Manager European long/short, looks at what this now means for investors and the UK economy.

OMGI's Wall: ECB Takes Baby Steps Towards Policy Normalisation

The long journey to European Central Bank (ECB) policy normalisation continues in baby steps. The ECB left policy unchanged but acknowledged that the risks to the growth outlook are no longer “tilted to the downside” and that it does not foresee cutting interest rates over the medium term. This is eminently sensible – the ECB could neither credibly look the market in the eye and deny the improvement in the macroeconomic picture, nor claim that an interest rate cut might be needed soon.

Lyxor Weekly Brief June 6 2017

Global risk appetite remained steady heading into June, despite continued investor concerns over asset price valuation and political risks. The MSCI World was up +1.5% in May, led by Japanese indices. Meanwhile, sovereign bond yields remain stubbornly low and yield curves flattened, particularly in the U.S., raising questions over investors’ confidence on the pace of economic activity going forward. As a result, the Dollar index fell -2% in May, despite the fact that Fed Fund futures are fully pricing in a rate hike at the mid-June FOMC meeting.

LGT Capital Closes European Capital Buy

LGT Capital Partners Ltd., a leading alternative investment specialist, has successfully completed the acquisition of European Capital Fund Management Ltd. (European Capital), a London- and Paris-based private debt manager, from Ares Capital Corporation. European Capitals’ Funds will remain managed by the same team led by Matthew Gordon Clark, Etienne Haubold, Stéphane Legrand and JC Morales Cortes.

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