Funds Hub
Money managers under the microscope
Jabre upbeat (but not quite bullish) on stocks
High-profile hedge fund manager Philippe Jabre has lent his voice to the view that equity investors have more to play for.
The former GLG trader, probably better known for a record FSA fine of 750,000 pounds for market abuse than for his strong track record, thinks there is “money to be made”in bombed-out stocks in sectors such as financials, energy and industrials.
While not quite subscribing to the idea of a “bull market” — put forwarded notably by Crispin Odey — he does think there are plenty of cheap stocks around and that investors are getting paid “very well” to hold equities.
He notes equity markets have rebounded to where they were six months ago, but could rise as investors currently sitting in cash buy into the market to avoid missing out on further rises.
Make hay while the sun shines
More good news for equity bulls from Crispin Odey.
Odey, who called the possible start of the bull market earlier this year, says technically there is “every reason to be hopeful that a major correction will not happen before September”.
And, having profited handsomely from his position in Barclays, which is now a 16.3 percent holding in his European fund, he sees the best opportunities in companies that were once unable to refinance but now can get credit, rather than safe-haven stocks.
from Global Investing:
Permabears are coming out of hibernation
After a 40-percent gain, the rally in world stocks might be losing momentum.
For permabears who live on doom and gloom to make money this is just a blip which is going to end in tears.
David Tice, a 20-year veteran short seller who manages Federated Investors' $1 billion short fund, says we are in for a secular bear market which is going to last for 10 years.
