Tuesday, March 9, 2010
U.S. Dollar Favorite Currency Investment of Hedge Fund Managers in Near Term; Few Fund Managers Expect Greek Sovereign Debt Crisis to Lead to Destruct
New York, NY – March 9, 2010 – TrimTabs Investment Research and BarclayHedge reported that the U.S. dollar is the currency on which hedge fund managers are most bullish in the near term. Six in 10 fund managers cite the greenback as their preferred currency investment over the next three months, according to the February TrimTabs/BarclayHedge Currency Survey of Hedge Fund Managers.
“The debt crisis in Greece, the creditworthiness of other countries in Europe, and the U.S. dollar rally have market participants focused on currencies,” said Vincent Deluard, Global Equity Strategist at TrimTabs. “We think currencies will dominate other investment themes throughout 2010.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Copyright © 2010 by Barclay Hedge
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