{"id":16072,"date":"2010-06-07T07:33:36","date_gmt":"2010-06-07T11:33:36","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16072"},"modified":"2010-06-07T07:44:41","modified_gmt":"2010-06-07T11:44:41","slug":"opalesque-hedge-funds-engage-in-armageddon-strategies","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2010\/opalesque-hedge-funds-engage-in-armageddon-strategies.html","title":{"rendered":"Opalesque: Hedge Funds Engage in “Armageddon Strategies”"},"content":{"rendered":"

New York (HedgeCo.net) – Opalesque has released the 32nd issue in a series of regional roundtable forums – the 2010 Opalesque West Coast Roundtable<\/a>. The 25 page Roundtable publication covers \u201cArmageddon\u201d strategies and how plan sponsors have changed their game during the past 18 months.<\/p>\n

\"\"<\/a>“All we did was provide huge amounts of liquidity.” John Burbank from Passport Capital said, regarding the massive deficits run up in an effort to stabilize the markets and economies, “The markets are as vulnerable to financial shocks and at least as highly leveraged than they were before the financial crisis. The Fed has more than doubled its balance sheet and will have to exit markets at some point or its legitimacy will be called into question”.<\/p>\n

Burbank added that a number of people have asked Passport to design funds comprised of macro trades that would help them hedge against systemic risks.<\/p>\n

Jay Gould from Pillsbury also helped creating disaster insurance or \u201carmageddon strategy\u201d funds which work under the premise that U.S. will experience a very difficult time over the next several years, \u201cincluding hyper-inflation, the abandonment of the U.S. dollar as the world\u2019s reserve currency, further complications associated with our huge deficit spending, and a rush toward hard assets.\u201d<\/p>\n

The Roundtable discussion also includes:<\/p>\n

\u2022 Overview of the latest products and research from funds and CTAs on intermarket correlations and quantitative trading
\n\u2022 A discussion on the impact the regulatory changes will have on the markets: How will mandating more OTC products to clear\/trade on an exchange impact liquidity? What is more important in a derivatives contract – liquidity or flexibility?
\n\u2022 The democratization of alternatives: More funds using the 1940 Act format will be offering real CTA strategies with daily liquidity
\n\u2022 Running a hedge fund from the West Coast: Why this location counts and where West beats the East Coast.<\/p>\n

The Roundtable was sponsored by the CME Group and the Opalesque 2010 Roundtable Series Sponsors Custom House Group and Taussig Capital. The following West Coast based experts participated:<\/p>\n

\u2022 John Burbank, Managing Member and Chief Investment Officer, Passport Capital
\n\u2022 Jay Gould, Partner, Pillsbury
\n\u2022 Jeremy Evnine, President, Evnine & Associates, Inc.
\n\u2022 Matt Osborne, Executive Vice President & CIO, Altegris
\n\u2022 Ranjit Sufi, Manging Director, Nuveen
\n\u2022 Rishi Narang, Founding Principal, Telesis Capital
\n\u2022 Tina Lemieux, Managing Director of Hedge Fund and Broker Services, CME Group
\n\u2022 Tom Shanks, Founder and CEO, Hawksbill<\/p>\n

Matthias Knab, founder of Opalesque and internationally recognized expert on hedge funds and alternatives, moderates the Opalesque Roundtables.<\/p>\n

Editing by Alex Akesson
\nFor HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
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New York (HedgeCo.net) – Opalesque has released the 32nd issue in a series of regional roundtable forums – the 2010 Opalesque West Coast Roundtable. The 25 page Roundtable publication covers \u201cArmageddon\u201d strategies and how plan sponsors have changed their game […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,919,3],"tags":[],"class_list":["post-16072","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-regulation","category-hedge-fund-research","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=16072"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16072\/revisions"}],"predecessor-version":[{"id":16076,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16072\/revisions\/16076"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}