Hedge funds struggle with risk-on/risk-off markets with no change in sight
Risk-on/risk-off attitudes persist among investors ready to accept negative real returns on safe havens while paying abnormally high risk premiums. Markets continue to be dominated by policy issues.
Jean-Marc Stenger, Lyxor Asset Management
To a large extent increased risk in financial markets is a reflection of higher economic volatility. The great recession has pushed forward the government sector and led to intense state intervention, triggering a shift to a more volatile environment.
Debt deleveraging forces are threatening to turn the favourable period of disinflation that started in the early 1980s into
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