International Asset Management, a $2.4 billion London-based fund of hedge funds manager, believes that long/short equity, credit, macro, event-driven, fixed-income relative value and commodity trading advisers are going to be the drivers of returns in the fourth quarter.
Morten Spenner, IAM’s chief executive officer, said: “Market conditions have become constructive for CTAs and long/short equity managers to produce positive returns. We continue to favour the opportunity set for long/short equity managers focused on the Asian and emerging markets."
In long/short equity, Spenner anticipates the high likelihood of slow economic growth in the major developed countries. “This level of