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 Capital outflows exceeded $55 billion, still considerably short of the $70 billion withdrawn in 2016.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
The Economist (January 9)
“Japan is the best example” of how currency devaluations no longer seem to provide economies with much of a boost. “The yen has been depreciating rapidly. A Big Mac was 20% cheaper in Japan than in America in 2013; now it is 37% cheaper. Yet export volumes have barely budged…. This is a surprise: the IMF calculates that Japanese exports are around 20% lower than it would have expected, given how the yen has weakened.”
Tags: Big Mac, Boost, Currency devaluation, Depreciating, Export volumes, IMF, Japan, U.S., Yen
Institutional Investor (August Issue)
Several years ago Switzerland adopted a currency floor to stem the Swiss franc’s appreciation against the euro. “Last November, the Czech Republic followed suit, threatening to intervene in the currency market if the ikoruna strengthened.” Now, with the euro poised to continue depreciating, some are wondering whether Sweden will be the next to “follow Switzerland’s lead by adopting a currency floor?”
Tags: Appreciation, Currency floor, Currency market, Czech Republic, Depreciating, euro, Franc, Ikoruna, Sweden, Switzerland
