2013 Investor Outlook: Wells Fargo's Taback says structured credit will continue its run
January 10, 2013
The president of the $7 billion Alternative Strategies Group at Wells Fargo & Company weighs in.
What hedge fund strategies will do best in 2013? Why? We're most constructive on strategies that focus on structured credit and cyclical dislocations such as ABS and Distressed and believe opportunities persist not only on the long side, but also opportunistically on the short side where prices have extended beyond the fundamentals. Our expectations for alpha in certain crowded sectors, specifically RMBS, have come in to a degree given the robust returns already seen but they still remain rather strong, and we also expect to...
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