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The bout of volatility that investors experienced in December of 2018 may be here to stay, if 2019 predictions from Greenwich Associates are accurate. Meanwhile, Agecroft Partners thinks the hedge fund industry may have reached maturity at a time investors might find an appetite for strategies that are designed to actually “hedge” stock market risk.
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Its that time of year when prognosticators, like clockwork, take out their annual crystal balls. What is different about this year and the resulting predictions say much about this unique location in the economic cycle and the moment in history.

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Q3 hedge fund letters, conference, scoops etc
In a report titled “Top 9 Market Structure Trends for 2019,” Greenwich sees strong growth for exchanges, in particular citing the CMEGroup, which has already grown from a $7 billion market cap in 2008 to $65 billion at present. But at the same time, they see trouble for cryptocurrencies, a signature CMEGroup product.
“The growth of ETFs and new exchange-listed and cleared derivatives will certainly help, as will further consolidation,” the Greenwich report noted, pointing to an odd area for real gains, a bone of contention among many in the listed derivatives industry: previously unregulated OTC derivatives. “But the real gains in 2019 will result from the push into two areas outside of their traditional sweet spots: products traded OTC and the sale of index-related

Article From: "Mark Melin"   Read full article