Funds Hub
Money managers under the microscope
from Reuters Money:
Lazy portfolios win again in 2010
Those of you who diligently invest from reclining chairs with passive portfolios, rejoice! You had another good year without doing much of anything.
Not only did you get more out of life by not watching business TV channels, stock prices on your smartphone or fretting over the latest blip on Wall Street, you built up your retirement portfolio without much effort.
Those of you who thought you were smart and safe by piling all of your money into bond funds, turn off your TV. There's a better way.
One of the best approaches last year -- as in most years -- was to cover the major asset classes in one portfolio. This doesn't involve guessing whether stocks, bonds or real estate will be hot. You place almost equal amounts of money in every major category.
Morning Line-up: Call to rein in hedgies and more Goldman vets go it alone
News and views on the asset management industry from Reuters and elsewhere:
More Goldman traders leave to start fund – Financial Times
Carlesberg chief calls for hedge fund crackdown – Daily Telegraph
Profitability at asset managers rises - Fund Strategy
Man and AHL
Rightly or wrongly, the short-term performance of Man Group’s largest fund, AHL, has been closely watched by Man investors as an indicator of the firm’s fortunes.
However, according to a Numis note this week, the fact that AHL is so close to its high-water mark (the point above which a fund can earn performance fees) at the moment gives it extra weight.
Morning Line-Up: FrontPoint, Kotak, Paulson
News and views on the asset management industry from Reuters and elsewhere:
FrontPoint raises $1 bln for new fund – FT
Kotak launches India long/short hedge fund – Reuters
Prime Cap doubles China fund, closes to new investors – Reuters
Morning Line-Up: Thoroughbred, fees, fixed-income funds
News and views on the asset management industry from Reuters and elsewhere:
Investors in Thoroughbred fund granted early exit – NY Times
Yes, you can lose money in fixed-income funds – WSJ
Who’s who in the latest insider trading arrests – Reuters
The incredible shrinking fee – WSJ
Smaller hedge funds to enjoy inflows – Financial News
How to make money in 2011 – Daily Mail
Morning Line-Up: 2010 returns, expert networks, ETFs
News and views on the asset management industry from Reuters and elsewhere:
Hedge funds offered weak returns in 2010 – Reuters
Hedge fund scandal shakes expert network industry – International Business Times
Morning Line-Up: insider trading, BP, 2011 outlook
News and views on the asset management industry from Reuters and elsewhere:
Insider trading defendants in prime time to deal – Reuters
U.S. pension funds prepare to sue BP over oil spill – Telegraph
Year-end planning: the 2011 fund outlook – Reuters
ICI: Long-term mutual funds rose $1.8bln in latest week – WSJ
Morning Line-Up: BlackRock bullish, IPOs, Tower Australia
News and views on the asset management industry from Reuters and elsewhere:
BlackRock founder upbeat on growth potential – FT
Morning Line-Up: Crest Nicholson, Credit Suisse/Apollo, Christmas online
News and views on the asset management industry from Reuters and elsewhere:
Crest Nicholson lenders eye debt/equity swap – FT
Credit Suisse sells soured property loan to Apollo – Reuters
INSIDER-Bullish Outlook for Stocks for 2011
Investors lifted their exposure to stocks to a 10-month high in December, according to a Reuters poll. Nordea’s Asbjorn Trolle Hansen says they are right to be bullish about 2011.
