FYI: The U.S. economy is solid and improving, and public companies’ ability to engineer value through mergers and share buybacks looks to remain strong for the foreseeable future. At the same time, with U.S. stocks at all-time highs, and Fed Chairwoman Janet Yellen voicing valuation concerns ahead of a potential interest-rate hike, now may be a dangerous time to pursue long-only exposure to the broad market. This is why Neuberger Berman counsels a long/short equity approach to specific sectors, markets, and capitalization categories in Chapter 1 of its Hedge Fund Perspectives 2015.
Regards,
Ted
http://dailyalts.com/nb-likes-health-care-energy-mid-caps-longshort-equity/
