Posts Tagged “Eos Partners”

Spotlight Series: Steve Friedman on Credit strategies and Double Dips

September 24, 2020

Steve Friedman, Managing Partner, EOS PARTNERS was a panellist on Global Economic Strategies entitled “What Strategies & Opportunities Should We Be Pursuing & How Can The Hedge Fund Industry Ensure That It Delivers In All Markets & Conditions?” moderated by Dr Chris Jones, Chief Investment Officer, KEY ASSET MANAGEMENT (UK) LIMITED. He was joined in the debate by Peter Clarke, CEO, MAN GROUP PLC, Bernard Oppetit, Chairman, CENTAURUS CAPITAL, Leda Braga, President, BLUECREST CAPITAL MANAGEMENT, Lee Robinson, Portfolio Manager & Co-Founder, TRAFALGAR ASSET MANAGERS

Speaking to the Spotlight Series, he explained that credit opportunities post crisis mean focusing less on illiquid long term strategies and more on event driven strategies.  While the US economy will grow slowly it should avoid the double dip, Europe may not be so fortunate.

Post Under: Asset Management

A complete round up of news and views from GAIM International 2010

June 24, 2020

GAIM International is the “must attend” annual hedge fund conference.  The 2010 event continued that tradition, 16 years in the making.  In addition to the coverage of the event by Beverly Chandler,  we’ve gathered the leading articles and commentary from the business news websites to give you a comprehensive review of this years hugely successful event.  B.H. Fraser provided an alternative view of the industry as Poet in Residence.

We have captured a series of video interviews with some of the industry leaders which will be posted on this site over the coming weeks.   To make sure you don’t miss out, either add the RSS feed to your reader or sign up for email alerts.

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Some key quotes from industry players - Reuters

What does Gerlof de Vrij, Head of Global Tactical Asset Allocation at APG think about hedge funds as a liquid asset class and thoughts from other industry leaders as the sector wrestles with challenges from regulation, consolidation and market volatility…. more here

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Flat currencies to lose value against real assets - Reuters

Veteran hedge fund manager Bill Browder is buying commodities and the companies that produce them in emerging markets to profit from what he said is a looming crisis in the world’s major currencies…. more here

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Hedge-Fund Survival Skills to Be Tested by Increased European Regulation - Bloomberg

“The survival instincts that many hedge-fund managers have in markets they’re also going to have to display in facing up to regulatory challenges,” Rick Sopher, managing director of LCF Edmond de Rothschild Asset Management Ltd…. more here

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Macro hedge funds best despite May dip - Reuters

Hedge funds taking directional bets on markets will be among the best performers in 2010 as concerns over the health of major economies continue to dominate markets, said Lombard Odier’s head of hedge funds advisory… more here

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Executives sound warning on hedge funds UCITS boom - Reuters

“It’s very difficult, if everyone seeks daily liquidity, to invest in hedge funds properly,” said Steve Friedman, managing partner of EOS Partners… more here

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The Mirror Crack’d - FT Alphaville

Mike Novogratz, one of the founders of the giant Fortress Group, and Hugh Hendry, the voluble manager behind the definitely smaller but in some ways no less influential Eclectica Asset Management, slugging it out…. more here

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Hedge Fund investors almost double macro bets as global trades proliferate - Bloomberg

Hedge funds that bet on economic trends are attracting cash at almost double last year’s pace as they seek to profit from events such as Europe’s sovereign debt crisis and China’s decision to let the yuan trade more freely…. more here

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Seed investors return to start-up hedge funds - Reuters

Sovereign wealth funds and pension funds are backing start-up or small hedge funds again, said FRM Capital Advisers… more here

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Mammon and Montrachet - FT Alphaville

What do eastern mysticism, violence, mammon, and am dram have in common? They are all dinner and drinks topics of conversation amongst hedge fund managers in Monaco…. more here

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Sand, sea and SEC - HFM Week

While managers gathered in a stormy south of France last week, for Monaco’s annual GAIM International event, pondered the labyrinthine twists of EU and US regulatory developments, investors jetted in with a different set of priorities… more here

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The Great Investing Dilemma of 2010 - Market Melange

The notion of negative Chinese GDP growth is widely regarded as a near impossibility –much like the notion that house prices would keep going up for ever – scary thought! …. more here

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Hedge Funds Turn Mutual Funds to Short-Circuit European Rules With NEWCITS - Bloomberg

Guy Hurley said he’s not sweating European plans for new hedge-fund rules after leaving Bank of America Corp.’s Merrill Lynch & Co. a year ago to start an onshore fund that uses strategies such as merger arbitrage…. more here

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Byron Wien sees a bottoming in stock prices and the possible return of $10 billion-sized buyouts - Reuters

Wien, who is well known for his annual predictions and who correctly called the rebound in China in 2009, said he was not as bullish as at the start of the year but nevertheless thinks a deterioration in the sovereign debt crisis will be avoided… more here

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Man Group Won’t Make Significant Acquisitions After GLG, CEO Clarke Says - Bloomberg

“It is effectively job done for our liquid trading strategies,” Clarke, 49, said today at the GAIM International hedge-fund conference in Monaco. “It’s possible we could infill with smaller mergers in Asia-Pacific.”…. more here


Post Under: Economic Outlook, General

Global Economic Strategy

May 18, 2020

An Interview with Steve Friedman, Managing Partner, Eos Partners

Steve Friedman, EOS Partners will be speaking at GAIM International 14-17 June 2020 in Monaco

Steven M Friedman has served as a Managing Partner at Eos Partners since its formation in 1994. Eos invests in credit strategies, equities and private equity giving it a unique perspective of the currently challenging markets. In answer to the question, how can the hedge fund industry ensure that it delivers in all markets and conditions, Friedman says that hedge funds need to be flexible, maintain liquidity and anticipate problems by learning from history.

“Since 1998, we have seen that central banks are reluctant to move meaningfully until a full crisis has developed” Friedman says. “We have seen central banks move slowly through a series of crises in sovereign debt, mortgage and bank crises. Central banks can be late in identifying and reacting to problems.”

Friedman believes that hedge funds need to follow the macro economics, and be aware that if they believe a government response is needed it’s likely to come late.  “Hedge funds need to be flexible, nimble and liquid given the cross currents in the modern world” he says.

He believes that this is where hedge funds can outperform long only funds. “As long as hedge funds remain reasonably sized they can remain more flexible than traditional funds whose mandate is to stay invested at all times” he says. “Our mandate is to be flexible. Eventually things will calm down but what happens between then and now is the question.” Read more »

Post Under: Asset Management


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