I think hedge funds are coming off what’s clearly been a difficult 6-9 months, but if you look back, they tend to go through these cycles every 4 to 5 years.
New York, NY (PRWEB) May 09, 2016
As the 2016 SkyBridge SALT Conference approaches, co-managing partner and CIO of SkyBridge Capital, Ray Nolte, joined Asset TV in their Manhattan studio to speak with correspondent Gillian Kemmerer about his outlook for the hedge fund industry at-large.
“I think hedge funds are coming off what’s clearly been a difficult 6-9 months,” Nolte said. “But if you look back, they tend to go through these cycles every 4 to 5 years.”
While some may argue that the slump the hedge fund industry has been facing can be attributed to an over-crowded industry and a lack of differentiation, Nolte believes there is more to it than that.
“You’re transitioning from a period where event equity and activism and M&A was driving the last couple of years of performance. That’s kind of moved to the wayside, and now you’re getting a transition back into structured credit, some of the other fixed income arb strategies, and some of the volatility strategies are starting to come back into favor. So I think once we get through this transition period, the thing we like is you’re now having traditional hedge fund strategies looking more favorable than closeted long equity strategies.”
These and other topics will be delved into with more depth during the SALT Conference over the next few days, as Asset TV goes on location to cover the event. Nolte will of course be on hand as well, as he will present the first hedge fund-centric panel, titled “Mapping the Course: An Investor's Guide to Capital Preservation in an Age of Uncertainty.”
Dubbed the “spring break for hedge funds”, SALT has become a world renowned event, with famous guest speakers, celebrities, politicians, and musicians coming together to talk about important issues that face our world. But as Nolte explains, it didn’t start out that way.
“SALT was set up as an industry-wide event originally, and I think now it's moved to an even broader platform than just alternatives or just hedge fund managers. We’re going to try to cover political issues, the economy, obviously hedge funds and the hedge fund industry, but also traditional investing, asset allocation, philanthropy, current events…and kind of blend all of that together in a place where people can talk about those ideas.”
The 2016 SALT Conference will take place May 10-13 at the Bellagio Hotel and Casino, and will feature many celebrity guest speakers such as Michael Bloomberg, John Boehner, Mark Cuban, Kobe Bryant, Will Smith, Ron Howard, Dennis Miller and many others, as well as a host of industry heavyweights from the world of business and finance.