Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Eric Sturdza Investments"


5 mentions found


LONDON/NEW YORK/HONG KONG (Reuters) -For hedge funds, the second half of 2023 is all about pouncing on the ways in which inflation, aggressive rate hikes and decarbonisation are shaping the economy. Five prominent funds shared their ideas using five different asset classes to trade on this uncertainty. The ideas do not represent recommendations or trading positions, which hedge funds cannot reveal for regulatory reasons. 1/ UBS O’CONNOR* Alternatives platform, with both hedge funds and credit* Size: $9.5 billion* Established in 2000* Key trade: Long so-called “busted” convertible bonds, or hybrid securities where the stock trades below its option conversion price. Seminara favored long positions in investment grade bonds and shorting high yield ones via the iTraxx Europe and iTraxx crossover indices.
Persons: Brendan McDermid, Casey Talbot, Alpha, ” Talbot, Byron Gill, Howard Smith, Anastasia Tarasova, Tarasova, Andrea Seminara, , Seminara, CRAWFORD, ERIC STURDZA, Eric Sturdza, Chris Crawford, Biden, “ They’re, Crawford Organizations: Reuters, Traders, New York Stock Exchange, REUTERS, UBS, UBS O’Connor, Companies, Indus Capital Partners, Capital, Federal, Redhedge, Asset Management, European Central Bank, ECB, Eric Sturdza Investments, Fund Management, Crawford Fund Management Locations: HONG KONG, New York City, U.S, Asia, Ukraine, Europe
LONDON, March 14 (Reuters) - The health of the global banking sector as interest rates rise remained in the spotlight on Tuesday in the wake of the collapse of Silicon Valley Bank (SVB). But days of wild swings in global markets and hefty losses in bank shares, left the outlook for the sector in focus. Banks are now faced with the classic problem that has threatened banks throughout history: a mismatch in terms between assets and liabilities." Hopefully we'll go over the next few days, whether or not the financial system is going to calm down or not. "It’s been an indiscriminate sell off in banking stocks, the financial sector repriced everywhere.
The fallout sent traders scaling back their bets on how much further the Fed would continue raising interest rates, sparking a sharp rally in Fed funds futures and sending the U.S. dollar tumbling. The greenback was nursing deep losses from the previous session in early Asia trade, and was last marginally higher against the Japanese yen at 133.42, having slid 1.4% on Monday. Similarly, sterling edged 0.19% lower to $1.2159, though it remained near its one-month peak of $1.2200 hit in the previous session. The Fed's rate hikes and expectations of how much higher U.S. rates would go have been a huge driver of the dollar's rally. The Aussie fell 0.29% to $0.6648, reversing some of its 1.3% jump in the previous session, while the kiwi shed 0.18% to stand at $0.6209, having similarly surged 1.4% on Monday.
The fallout sent traders scaling back their bets on how much further the Fed would continue raising interest rates, sparking a sharp rally in Fed funds futures and sending the U.S. dollar tumbling. The greenback was nursing deep losses from the previous session in early Asia trade, and was last marginally higher against the Japanese yen at 133.42, having slid 1.4% on Monday. Similarly, sterling edged 0.19% lower to $1.2159, though it remained near its one-month peak of $1.2200 hit in the previous session. The Fed's rate hikes and expectations of how much higher U.S. rates would go have been a huge driver of the dollar's rally. The Aussie fell 0.29% to $0.6648, reversing some of its 1.3% jump in the previous session, while the kiwi shed 0.18% to stand at $0.6209, having similarly surged 1.4% on Monday.
Xi’s preference for personal loyalty over technocratic competence bodes ill for China’s already bleak economic outlook, analysts said. “In effect, Xi Jinping establishes an echo chamber around his own ideas,” she said. People watch the opening session of the 20th Chinese Communist Party Congress in Huaibei, in China's eastern Anhui province. Li Qiang, the party boss of Shanghai who presided over the city’s chaotic two-month lockdown, is now the second-highest ranking party official after Xi. The NDRC is China’s top economic planner, responsible for drafting the country’s economic plans and overseeing major state investment projects.
Total: 5