Seeking Alpha (January 22)
“For 2022, the hedge fund industry experienced the largest net asset outflow in six years as investors steered clear of active managers against a backdrop of exceptionally volatile and depreciating markets.” Capital outflows exceeded $55 billion, still considerably short of the $70 billion withdrawn in 2016.
Tags: $55 billion, 2022, Active managers, Capital, Depreciating, Hedge-fund, Investors, Markets, Net asset, Outflow, Volatile
Bloomberg (January 21)
“In a week marked by fresh recession angst from Wall Street to Davos, JPMorgan Chase & Co. finds the odds of an economic downturn priced into financial markets have actually fallen sharply from their 2022 highs.” In October, “a contraction was effectively seen as a done deal across markets.” Now, “according to the firm’s trading model, seven of nine asset classes from high-grade bonds to European stocks now show less than a 50% chance of a recession. That’s a big reversal.”
Tags: Angst, Asset classes, Bonds, Contraction, Davos, Economic downturn, Financial markets, JPMorgan Chase, Recession, Stocks, Trading model, Wall Street
