Funds Hub

Money managers under the microscope

Morning Line-up: Money flowing back to funds

RTR1SGF8News and views on the asset management industry from Reuters and elsewhere

Henderson merges five equity funds – Reuters

Liontrust revival continues – Reuters

UK savers flock to funds - PA

EU short selling rules could reduce market liquidity – Financial Times

The Naked Truth

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By Ed Moisson, Head of UK & Cross-Border Research at Lipper

Do independent asset managers perform better than bank-run funds?

Lipper was recently approached to analyse the difference in performance between funds operated by broader financial services companies (banks and insurers) and those managed by ‘pure play’ asset managers.

This research came in the wake of comments made by Peter Hargreaves, founder of IFA Hargreaves Lansdown, who said in September that many funds in the UK run by banks were “seriously crap”.

Morning Line-up: U.S. probes wider and takeover by stealth

RTR1SGF8

 News and views on the asset management industry from Reuters and elsewhere

Barai Capital under U.S. govt scanner - Wall Street Journal

Man Group launches ETF using broker tips – Financial Times

RBS pushes into retail funds – Independent

Reclusive rebel investor closes in on F&C – Reuters

UK universities eye and keep an eye on new hedge fund punts

Pension schemes are moving away from the usual equity/bond/real estate mix to put their eggs in as many baskets as possible. No wonder then that the USS — the 31.6 billion pounds UK universities pension fund — is putting an extra 1.5 percent of its assets, or about 474 million pounds, into hedge funds, as its CIO Roger Gray tells Reuters.

If you are rushing to the phone to pitch business with Mr Gray, however, STOP a minute fund manager: be prepared, the USS is not only eyeing alpha, it is going to ask a few questions about how alpha is distributed and how investors are protected.

Steer clear of the free lunch, says Noster

Diversification is meant to be the only free lunch in investing.

But according to hedge fund Noster Capital, with most markets looking toppy and with problems ahead, it’s not necessarily one that investors would be wise to tuck into.

“This is not the time to be invested in broad ETFs or in very diversified funds, because the indexes will likely not do much in aggregate,” it says in its end of year letter.

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