2014 Outlook: Liongate’s Rick Teisch hails the year of the activist and the stock picker

By Simone Foxman

Wed Jan 15, 2014



The director of research for North America at Liongate Capital Management, which manages $7 billion in fund of fund and advisory assets, weighs in.


2014 Investor Outlook: Cambridge Associates | Clearbrook | GAM | Goldman Sachs Asset Management | J.P. Morgan Alternative Asset Management | Liongate Capital Management | Morgan Creek Capital Management | Morgan Stanley Alternative Investment Partners Protégé | Wells Fargo


   
  Rick Teisch is director of research (U.S.) at Liongate Capital Management, which manages $7 billion in fund of fund and advisory assets

What hedge fund strategies will do best in 2014? Why?

Going into 2014, I favor equity long/short, event-driven, and niche credit strategies.

Topping the list this year is equity long/short. We've essentially had a five-year bull market and are coming off a huge year for equities that saw the S&P surge almost 30%. Fundamentals were not the driver, as the vast majority of last year's gains were attributable to multiple expansion rather than earnings. And, although earnings grew somewhat, that growth was mostly...

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