Monthly Hedge Fund Trends – December 2012 (Deutsche Bank)

December 2012

KEYWORDS: Hedge Fund Performance, leverage, hedge fund investor, Hedge Fund Regulation, Institutional Investors, Emerging Markets, China, Eurozone, Volatility, Texas, Fund of Funds, AUM, assets under management, arbitrage, Consultants, Equity markets, pensions, Switzerland, Germany, Taiwan, fiscal cliff, Short Selling, South Korea, Japan, MSCI, market making, EU Member State, Financial Transaction Tax, FTT, EMIR, ESMA, CFTC, Commodity Futures Trading Commission, ERISA, swaps, foreign exchange, Dodd-Frank Act, UCITS, MiFID, remuneration, CRD IV, European Council, European Parliament, MAD, MAR

Authors:

Deutsche Bank

Organizations:
  • Deutsche Bank

Summary:

Deutsche Bank Research Highlights: “Emerging Markets 2013 Outlook: Emerging Markets and the Global Economy in the Month Ahead” and “Credit Outlook 2013: In Authorities We (have to) Trust”

This month we take a forward look into 2013 with two outlook pieces from our Global Markets research team. In our emerging markets outlook, we expect a compromise on the fiscal cliff which averts recession, Europe to witness slow and fragile growth in 2013 and emerging markets to grow marginally faster with China outperforming. Challenges remain for EM countries that are unable to undertake difficult reforms. In “Credit Outlook 2013” our fixed income team maintains that it’s a “volatile through” scenario until either growth/inflation materialises or we see political accidents. Key drivers to watch are ECB “all-in” policies, political extremism in Europe, growth and unemployment, the Italian election, and suppression of default risk.

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