Funds Hub
Money managers under the microscope
Morning Line-Up: Pay up, fees and revenues down, industry reeling
News and views on the asset management industry from Reuters and elsewhere
Fund manager pay rising faster than revenues - Reuters
Hedge funds back to fundamentals – Financial Times
Morning Line-up: U.S. probes wider and takeover by stealth
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
Morning Line-Up: Carlyle, Chinese Stocks, Prudential Inc
News and views on the asset management industry from Reuters and elsewhere:
Carlyle acquires Dutch fund of funds – FT
International funds move into Chinese stocks – Wall Street Journal
from Reuters Money:
Actively managed ETFs and other wrinkles
The following is an edited excerpt from Never Buy Another Stock Again: The Investing Portfolio that Will Preserve Your Wealth and Your Sanity, written by David Gaffen, who is the Reuters markets editor. It was printed with permission of FT Press, an imprint of Pearson.
One of the biggest growth industries in finance right now is in exchange-traded funds, and further growth in ETFs appears likely to come from several places.
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.
Morning Line-Up: Man, Mobius, Hintze
News and views on the asset management industry from Reuters and elsewhere:
Man Group still bleeding assets despite GLG deal – Reuters
Templeton’s Mobius considering setting up hedge fund – Reuters
Hedge fund founder Michael Hintze donates 2 mln to National Gallery – Guardian
For small hedge fund, success brings new headaches – New York Times Dealbook
Morning Line-Up: PAI auction, buy-out study, US banks results
News and views on the asset management industry from Reuters and elsewhere:
PAI Partners auctions Compagnie Européenne de Prévoyance – FT
Utilities vs banks: The evidence
Alpesh Patel caused quite a stir on Britain’s Radio 4 this morning. The CEO of boutique investment house Praefinium Partners argued that Bob Diamond was on “a suicide mission to bring down capitalism”. No word yet from the Barclays CEO on that one.
Maybe that was just the line his PRs had promised to the BBC producers to get him on air, though, and there is more logic to Patel’s more substantial point about value creation in the banking sector in relation to bonuses and pay.
Morning Line-up: FandC’s errant investor and SEC muscle flexing
News and views on the asset management industry from Reuters and elsewhere:
SEC sues ex Trivium fund manager – Reuters
F&C hit by rebel shareholder concerns - Independent
