| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | Kapstream draws on information from many sources such as economic roundtables,investment banks, brokers, rating agencies and central banks. Kapstream employs a rigorous evaluation process for individual trades, first confirming that a prospective trade meets Kapstream's global macroeconomic view, then taking account of various decision variables such as duration, yield curve and volatility which must support the research and analysis. |
| Manager Comments | Kapstream argues that the passage of time has taken a toll on both the QE2 (the ship) and the latest QE2 (the Fed's easing program). \\\\'The Fed spent approximately $1.7 billion on the first round of quantitative easing from January 2009 through to March 2010, and the US economy remains dry docked like the RMS QE2 which is now in Dubai.\\\\' Kapstream believe that the size of the next stage of the QE programme should be in the US$1 trillion range, and they are not believers in the incremental approach whereby the Fed announces a small program with potential further size should it be required in the future. Kapstream's comments continue with a view on the US dollar, Europe, Australia and implications for bond markets, and makes interesting reading. |
| More Information | » View detailed profile of this fund |
