Hedge fund managers see opportunities in bear market

Bear_marketNearly a third of hedge fund managers see “great opportunities” in the current economic environment, according to a survey by Aksia, as the eurozone crisis intensifies.

Hedge fund managers expect markets to remain range-bound over the next year, driven by macro factors rather than fundamentals. Global macro is therefore expected to be the best performing strategy.

Aksia says 42% of the 125 institutional hedge fund managers it surveyed see potential for default or restructure by Italy and Spain.

While 60% expect Greece to leave the euro, 65% expect the European Union member states to issue Eurobonds.

Aksia is independent hedge fund research and advisory firm.

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