Written by Skenderbeg Alternative Investments Skenderbeg Alternative Investments put into perspectives for the month April 2018. “The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.” – Bertrand Russell Hedge Funds Drivers of hedge fund alpha revival Barclays Hedge fund industry performance…
Record student loan balances? Check. Trillion dollar credit card debt? Check. Six tech stocks dominating the Nasdaq? Check. Subprime auto loans at record levels? Check. All that’s missing is subprime mortgages and we’d have every bubble base covered. Oh wait, those are back too, just under a different name: Subprime mortgages make a comeback—with a…
Ceridian HCM Holding filed a prospectus with U.S Securities and Exchange Commission seeking to be listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the ticker symbol “CDAY.” The IPO is expected to take place on April 26 and the company hopes to raise more than $500 million. The Minneapolis-based human resources…
In our previous take on the euro in late February, we wrote that the bullish case for the currency was looking increasingly challenging. At the time, euro speculators were spooked by slowing forward-looking economic indicators, while upcoming political events in Italy and Germany risked the future unity of the region. While our outlook remains mildly…
GBP/USD’s bullish trend is running into a key resistance zone ahead of a busy week for fundamental news. Video Length: 00:03:09
One month after the BLS reported that according to last month’s JOLTS survey, the number of job openings soared from 5.667 million, a six-month low which spooked analysts into wondering if the labor market is peaking, to 6.312 million, a 645,000 monthly increase and the second biggest monthly jump on record, the latest, just released JOLTS report…
ECB’s minutes last month revealed their concerns over the risk of trade conflicts and global economic risk, Short EUR/USD? The Euro fell for the first time in 5 trading days due to the “minutes” from the last central bank meeting, which highlighted some of the ECB’s concerns. The strengthening of Euro has also caused concerns…
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 148.2, up 0.2 from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.91%, down from 3.12% last week. The WLI Growth indicator is now at 3.9, down from the previous week. “Up…
With all my nebbish-like hand-wringing of this morning’s post, in which I worried that the bears were so terribly at risk, I guess it makes sense that the bulls got piano wires wrapped around their throats. We went into an immediate dive following the opening bell, with the blowout earnings from banks having a positive effect on…
(from my colleague Dr. Win Thin) In the EM equity space as measured by MSCI, Colombia (+5.5%), Hong Kong (+2.7%), and Mexico (+2.6%) have outperformed this week, while Russia (-11.6%), Turkey (-4.5%), and Brazil (-2.3%) have underperformed. To put this in better context, MSCI EM rose 0.6% this week while MSCI DM rose 1.8%. In…
