Hedge Funds Correction
Scaramucci: Hedge Funds Expecting 5-10% Correction
However, in the long term, Scaramucci says the hedge fund community believes the fundamentals for the S&P remain in tact. He cites all the cash US companies have on the books and management teams that have become impressively more efficient as two examples. "I don’t think we’re looking at a long term train wreck,” he says.
Karen Finerman of Metropolitan Capital sees another positive catalyst. “No hedge funds that I know of are levered up big -- that should mean we’re not going to see forced selling in the market place.”
But don't get all giddy just yet.
I think a worried group of people will sell in the short term,” Scarmucci adds. But over the next 3-4 weeks I think we see the market stabilize.”
And looking at the economy broadly Scaramucci admits that over past 3 weeks more hedge funds have begun to anticipate a double dip recession, however the number is still small -- only 25%.
In other words 3 out of 4 hedge funds are still looking for some growth. ”And for what it’s worth, I don’t think there will be a double dip,” he adds. Source
Related to: Hedge Funds Correction
- Hedge Fund Tracker Tool
- Fund Marketing and Sales Advice
- Top Hedge Fund Managers
- Free Online Hedge Fund Videos
- Careers & Employment Guide
- Hedge Fund Holdings & Securities Analysis
- Hedge Fund Terminology
- Geographical Guides
- Hedge Fund Startup Tools
Link to This Resource: Hedge Funds Correctionhttp://richard-wilson.blogspot.com/2010/08/hedge-funds-correction.html