Thursday, December 24, 2009

Macro hedge funds, stockpickers tipped for 2010

* Countries set to exit downturn at different speeds
* Big asset price rises of 2009 not expected
* Opportunities to differentiate between economies, stocks
* Investors shuffle winning credit bets of 2009

By Laurence Fletcher and Svea Herbst
LONDON/BOSTON, Dec 23 (Reuters) - Hedge funds making big bets on currencies, commodities and equities are favoured by fund selectors in what is likely to be a more testing 2010 after a bumper year for hedge fund returns.While 2009's best trade has been to buy riskier assets rebounding from last year's depressed prices, funds of funds think 2010 will not see such large price rises and will instead belong to managers with the skill to differentiate between economic and corporate scenarios.

http://www.reuters.com/article/idUSLDE5BK1JT20091223

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