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Chen Zhao, The Bank Credit Analyst Research Group

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Latest Analyst Comments by Chen Zhao, The Bank Credit Analyst Research Group
 

It’s all hedge funds’ fault – again (All About Alpha) - Jan 31, 2010

Does anyone remember Russia, Ukraine, Pakistan, Ecuador, Argentina, Moldova, and Uruguay, or going back even farther, Turkey? For hedge funds in particular, Dubai World's $59 billion problem of not quite being able to pay the interest it owes on its debt has far wider reaching ramifications Most notably it has a financial and psychological impact on investors already leery of trying to earn something more than a 2 3% return, and relying on hedge funds to follow the emerging markets wave to get it for them The conundrum is plainly and eloquently summarized in a weekly commentary published last week from noted economic research firm Bank Credit Analyst Chen Zhao, the firm's managing editor and head macro thinker, took aim at hedge funds, particularly funds of funds, noting that their ability to generate the yield investors are looking for and expecting is "is actually hard to achieve, especially in a world of zero interest rates and with enormous financial and economic uncertainties" 
Share:  <span class="analyst">Chen Zhao</span>, the firm's managing editor and head macro thinker, took aim at hedge funds, particularly funds of funds, noting that their ability to generate the yield investors are looking for and expecting is "is actually hard to achieve, especially in a world of zero interest rates and with enormous financial and economic uncertainties" Tweet this 

It’s all hedge funds’ fault – again (All About Alpha) - Dec 01, 2009

Does anyone remember Russia, Ukraine, Pakistan, Ecuador, Argentina, Moldova, and Uruguay, or going back even farther, Turkey? For hedge funds in particular, Dubai World's $59 billion problem of not quite being able to pay the interest it owes on its debt has far wider reaching ramifications. Most notably it has a financial and psychological impact on investors already leery of trying to earn something more than a 2 3% return, and relying on hedge funds to follow the emerging markets wave to get it for them. The conundrum is plainly and eloquently summarized in a weekly commentary published last week from noted economic research firm Bank Credit Analyst . Chen Zhao, the firm's managing editor and head macro thinker, took aim at hedge funds, particularly funds of funds, noting that their ability to generate the yield investors are looking for and expecting is "is actually hard to achieve, especially in a world of zero interest rates and with enormous financial and economic uncertainties." .  
Share:  <span class="analyst">Chen Zhao</span>, the firm's managing editor and head macro thinker, took aim at hedge funds, particularly funds of funds, noting that their ability to generate the yield investors are looking for and expecting is "is actually hard to achieve, especially in a world of zero interest rates and with enormous financial and economic uncertainties." . Tweet this 

Market wary of possible asset bubble burst (Financial Post, Canada) - Aug 17, 2009

Stock markets across Asia, Europe and Latin America also ended lower. Data from the People's Bank of China early last week showed that Chinese bank lending in July fell a staggering 77% from the previous month. Despite the decline, total lending growth this year was more than double that from the first seven months of last year. Even so, some investors fear lower lending would hamper recovery prospects, especially since much of the world is looking to China to support demand in the absence of the recession struck U.S consumer. Chen Zhao, an emerging markets strategist at BCA Research, said the correction in the markets was not a cause for concern, but rather some healthy profit taking that would bring them back into line after a rapid ride higher this year.  
Share:  <span class="analyst">Chen Zhao</span>, an emerging markets strategist at BCA Research, said the correction in the markets was not a cause for concern, but rather some healthy profit taking that would bring them back into line after a rapid ride higher this year. Tweet this 

After a brutal September and October, have stock markets finally ... (Vancouver Sun) - Nov 01, 2008

Where does that leave us? . "Pretty much in the middle of a nasty bear market," says Vincent Delisle, a strategist for Scotia Capital. "There's no doubt this is a recession. It will be the worst one in a generation." . Chen Zhao, chief global strategist for Bank Credit Analyst, describes the situation as "an unprecedented crisis on postwar history." .  
Recent Research on The Bank of Nova Scotia (BNS)
Moody's Issuer Comment - Bank of Nova Scotia 1Q10 Earnings (Moody's Global Credit Research)- Mar 10, 2010
Moody's lowers ratings on Canadian bank hybrid securities (Moody's Global Credit Research)- Feb 22, 2010
Earnings Comment - Bank of Nova Scotia - Fourth Quarter 2009 (Moody's Global Credit Research)- Dec 09, 2009
more research
Share:  <span class="analyst">Chen Zhao</span>, chief global strategist for Bank Credit Analyst, describes the situation as "an unprecedented crisis on postwar history." . Tweet this 

Where does that leave us? . "Pretty much in the middle of a nasty bear market," says Vincent Delisle, a strategist for Scotia Capital. "There's no doubt this is a recession. It will be the worst one in a generation." . Chen Zhao, chief global strategist for Bank Credit Analyst, describes the situation as "an unprecedented crisis on postwar history." .  
Share:  <span class="analyst">Chen Zhao</span>, chief global strategist for Bank Credit Analyst, describes the situation as "an unprecedented crisis on postwar history." . Tweet this 

Bio
 

Chen Zhao

The Bank Credit Analyst Research Group

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Chen Zhao

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