We are seeing confirmation from various sources and an important change in institutional investors’ choices in China. Returning from a key financial conference on Asia, Kairos managers report the feeling that the main themes in managers’ portfolios remain those connected to consumption, the Internet, the environment, training and healthcare, but interest in the railway sector has grown as well. As if the many projects to be built at home were not enough, China’s major companies have started bidding in international tenders and meeting with success.
True to its original spirit of innovation and the relentless search for opportunities in the overall market context, this November 4th, Kairos will launch KIS Real Return, “a product aimed at achieving positive real returns and therefore protecting the purchasing power of capital from rises in interest rates and inflation.” This is how Fabio Bariletti
A stormy climate has dominated markets over the past few days, which this is precisely why, pausing to reflect on the widespread agitation, we unearth ideas that help us decide what our next few moves should be, according to Michele Gesualdi, head of the Kairos multi-manager fund management team that focuses in particular on the strategies adopted for KIS America
On September 29th, clients, partners, reporters and countless friends crowded the new Kairos offices on Via San Prospero, in the heart of Milan. Hundreds of guests gathered for the official housewarming of the Group’s new headquarters, which opened its doors to those for whom the Group’s 140 + resources work every day.
This “open house” coincided with the fifteenth anniversary of the business which, established in 1999, has grown over the years and now operates around the world with offices on major international financial markets.
A crowded press conference was held on the morning of September 24th as Kairos management publicly debuted the new headquarters on Via San Prospero, Milan. Meeting with reporters from major national newspapers, Paolo Basilico, the Group’s Chairman and CEO, and Fabio Bariletti, General Manager, made the most of the occasion to announce upcoming projects, objectives and reaffirm the identity of Kairos, which turns fifteen this year.
“Until now, 2014 has been an ambivalent year for hedge funds. Generally speaking, active management underwent consolidation after an excellent 2013, but already as we look at early September, there seem to be signs of a dramatic improvement”. In a nutshell, expectations are high for the future of hedge funds according to Kairos manager Michele Gesualdi, who keeps a close eye on scenario developments from the Group’s London office.
Seventeen years after Hong Kong’s “return” to China, we are about to witness another momentous watershed for these two economies. The Shanghai-Hong Kong Stock Connect is slated to take effect on October 13, “a bilateral program giving investors holding accounts with Hong Kong brokers access to stocks listed on the Shanghai market and Chinese investors access to the Hong Kong market”. Kairos analyst Moreno Tatangelo, based in London, explains the details and outlook of this groundbreaking new program.
In the last few weeks, Kairos managers met several New York-based operators and had an interesting debate with them on some of the most pressing scenarios for the economic and financial community.
During these exchanges, what emerged in the first place was a markedly more positive view of emerging market trends, particularly owing to a less pronounced slowdown of the Chinese economy: while it failed to meet the government's target, China's 6 percent growth rate was enough to allow many other emerging markets to grow.
China’s bright prospects outnumber the dark spots on various fronts as it takes a more constructive stance to the market’s cyclical area. This is, in a nutshell, the impression of certain Kairos managers after a series of meetings with about thirty local Chinese managers in recent weeks.