NEW YORK, Oct. 27, 2011 /PRNewswire/ -- Credit Suisse's Asset Management division today announced the release of the fourth quarter 2011 edition of its "Asset Management Alternatives Quarterly." This thought-leadership series, which includes a white paper and video, offers insights from Credit Suisse Asset Management's CIO Office and leading alternatives portfolio managers on global economic trends and capital markets.
(Logo: http://photos.prnewswire.com/prnh/20091204/CSLOGO)
In this edition, Credit Suisse Asset Management's CIO Office discusses the drivers of recent volatility in world capital markets, including poor macroeconomic data from developed economies and continued uncertainty over the Eurozone sovereign debt crisis.
Emerging markets were also affected by developed markets' slowing growth in the third quarter, as investors shied away from risk, generating further volatility. According to the white paper, however, emerging market economies remain fundamentally healthy, as evidenced by still robust growth rates and low debt ratios. In addition, receding inflation worries should enable emerging economies – such as China – to shift its focus from fighting inflation to bolstering economic growth.
Other key themes in the Q4 2011 issue include:
- Event driven and relative value hedge fund managers believe that while the short-term environment remains volatile, in the long run, opportunities in credit may be developing in Europe. Future potential recapitalization of the financial sector and further deleveraging of the corporate debt sector may point to multi-year, credit-related investment opportunities across many sectors.
- The Credit Investment Group remains cautious with regard to the broader asset class in the near term. As such, they are defensive from a portfolio management perspective, emphasizing senior-secured bonds and overweighting higher-rated bonds with potentially superior risk-return profiles.
- Current market volatility and increasing corporate cash balance sheets may present an opportunity for private equity managers, particularly for those focused on special situation and Euro distress-for-control strategies.
- The Commodities Group believes that despite the volatility in capital and commodity markets, long-term fundamentals (i.e., tightening supply) for select commodities, such as agriculture, industrial metals and energy, remain positive.
For a copy of the Q4 2011 Asset Management Alternatives Quarterly or to view the video, please contact [email protected].
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 50,100 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Asset Management
In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.
All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.
Copyright 2011, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.
Certain information contained in this document constitutes "Forward-Looking Statements" (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe", or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document.
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide or indicator to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
SOURCE Credit Suisse AG
Share this article