Goldman Sachs on How Hedge Funds Are Making Money In 2014: The Full Strategy Breakdown
From ZeroHedge:
As part of his latest weekly report, Goldman's David Kostin breaks
down the full array of strategy "baskets" used by hedge funds at this
moment to outperform the market in 2014. In a nutshell, the best
performing strats right now involve betting on a high vs low tax rate
divergence (perhaps because companies facing high tax regimes are
soaring on hopes they will engage in a price-boosting tax inversion
deal), and shorting BRIC exposure:
... on betting aggressively against high quality and shorting strong
balance sheet names (thanks to the bond bubble which allows the worst of
the worst companies to refinance in the current environment) while at
the same time betting that companies will engage in aggressive stock
buybacks and generate a return to shareholders (via dividends and
general total cash)...MORE
