It is hard for money managers to ignore the widespread sense that markets which were friendly for so long have suddenly become dangerous.
Taking these formidable obstacles cumulatively, even with all the brains in the world, it is hard for managers to beat the markets.
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"They feel there is a need for future managers to be aware of carbon markets and environmental issues, " he said.
To make forecasts look good, managers aimed for big, currently existing markets rather than for small markets needing some nurturing.
To translate these ramblings, Bernanke and Dudley both feel that federal bureaucrats with no skin in the game can somehow identify markets heading for a correction in ways that the greatest money managers in the world have consistently failed to.
Evercore Group, Goldman Sachs, RBC Capital Markets, and UBS Securities are acting as co-managers for the offering.
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The tenth anniversary of the SPIVA Scorecard is more bad news for mutual fund managers who try to beat the markets.
Fund managers have little appetite for yet more small markets.
Fixed income fund managers piled into local currency debt of the big emerging markets for the third straight week, according to fund trackers at EPFR Global in Cambridge, Mass.
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Kozhemiakin, like most international fund managers, is convinced emerging markets is not only the growth story for investors, but quickly becoming an alternative safe haven for fixed income investors as well.
Looking at the decline in total assets under management, equity assets are currently at about beginning-of-year levels, indicating that while many equity markets have not provided negative returns for the year, dedicated emerging market equity fund managers may have lightened up in their positioning to account for this retreat in assets under management.
For others, it could be that managers are holding global ETFs rather than selecting stocks across international markets.
At that point the Fed was aware that markets in the second and third largest economies were already in new bear markets, and was hearing similar expectations for the U.S. economy from some quite astute economists and money managers, George Soros, Mohammed el Erian, Nouriel Roubini and others.
For investors hunting for yield, bonds from the region offer a better return than those from more developed markets, although some money managers are growing more cautious on the region.
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