Funds Hub
Money managers under the microscope
Morning Line-Up: Fundies flock to risk assets
News and views on the asset management industry from Reuters and elsewhere:
Global fund managers embrace risk after QEII - Morningstar
VAM launches commodity equity fund - Fund Strategy
PIMCO Total Return Fund ups mortgage assets in Oct - Reuters
Hedge fund index up 1.92 percent in October - HedgeWeek
Morning Line-Up: Gartmore trust seeks buy-backs, Nikko snaps up Tyndall
News and views on the asset management industry from Reuters and elsewhere:
Gartmore trust seeks new buy-backs as Roger Guy leaves - Fund Strategy
Man appoints Richard Phillips as head of UK retail - HedgeWeek
Australia’s Suncorp sells funds arm Tyndall to Nikko - Reuters
Private equity funds see value in Mexican home loans - Reuters
Aegon opens inflation fund to retail investors - Fund Strategy
from MacroScope:
What emerging animal are you?
Ever since Goldman Sach's Jim O'Neill came up with the idea of BRICs as an investment universe, competitors have been indulging in a global game of acronyms. Why not add Korea to Brazil, Russia, India and China and get a proper BRICK? Or include South Africa, as it wants, to properly upper case the "s" - BRICS or BRICKS?
Completely new lists have also been compiled -- HSBC chief Michael Geoghegan has championed CIVETS to describe Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa (ignoring the fact, as Reuters' Sebastian Tong points out here, that a civet is a skunk-like animal blamed for the spread of the deadly SARS outbreak in Asia).
Morning Line-Up: EM fundies make hay as buyers flock to Madoff sale
EM asset flows could lead to capital controls - FTfm
Cantab Capital Partners to launch quant-based UCITS fund - HedgeWeek
Index link switch puts pensions in limbo - FTfm
Auction of Madoff effects raises $2 mln - Reuters
New research finds big hedge funds more vulnerable - Reuters
INSIDER-Hedgie client targets modest returns
Hedge fund returns of 4-5 percent over money market rates is pretty good going, APG’s Gerlof de Vrij tells Reuters Insider.
Hurry boy, it’s waiting there for you!
Sick of hearing about China and Brazil? Just a little bit worried about all the money flooding into emerging market funds this year? Sceptical that South Korea can even be classed as an emerging market anymore? Why not try Africa?
If there was one thing that speakers at this week’s CFA Institute European Investment Conference all agreed on it was that Africa could be the next big thing for the daring investor.
Morning Line-up: New rules, Swiss appeal and bigger is not better
News and views on the asset management industry from Reuters and elsewhere:
European Parliament approves EU hedge fund rules – Reuters
EU hedge fund rules could boost Swiss appeal - Reuters
Research finds big funds more vulnerable - Reuters
Woodford warns of sluggish demand - Scotsman
Where pension funds went wrong
Knut Kjaer, adviser to some of the world’s biggest asset pools, and former head of Norway’s government pension fund, told pension funds some home truths at the CFA Institute’s European Investment Conference on Tuesday.
Kjaer said the financial crisis had exposed two main pitfalls in institutional investment – the tendency to run with the herd, and the adoption of overly complex portfolios.
Morning Line-Up: Academics’ retirement and a new life in the country
News and views on the asset management industry from Reuters and elsewhere:
Funds try to cope with demand for farms – Reuters
Universities pension fund backs algo hedge funds - Reuters
JO Hambro to soft close UK Equity Income fund - Fund Strategy
M&G sees rise in Q3 retail flows - Fund Strategy
Got those Great Recession blues
Given the amount of money central banks have been pumping into the global economy you’d be forgiven for thinking we should be getting a pretty decent recovery right now. And whilst that seems true for emerging markets, market participants and consumers just can’t rid themselves of the feeling that there is another shoe yet to drop.
Citi’s Matt King encapsulated this general nervousness in his presentation at the CFA Institute’s European Investment Conference in Copenhagen on Tuesday. And according to King, there are some very good reasons why corporates and households just can’t bring themselves to load up on more debt.
