Funds Hub

Money managers under the microscope

INSIDER-Hedgie client targets modest returns

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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!

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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.

Where pension funds went wrong

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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.

Got those Great Recession blues

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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.

Theirs not to reason why…

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Hedge funds have had a tough time since the onset of the credit crisis, what with some poor performance in 2008, looming regulations from the U.S. and Europe, and the general vilification of bankers and financiers in recent years.

However, their plight was thrown into a whole new light yesterday at this week’s Hedge 2010 conference in London’s Canary Wharf, where Caroline Hoare, CEO of hedge fund firm GLC, drew a comparison with the charge of the light brigade.

Bill Ackman’s Howard Hughes impersonation begins…

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After years of breaking his way into corporate boardrooms, activist hedge fund investor William Ackman says he is ready for everyone to get back at him.  Ackman is set to become chairman of  Howard Hughes Corp, a spin-off of mall owner General Growth Properties Inc, which could emerge from bankruptcy as soon as today.  Ackman, however, has spent years  as an activist investor, targeting some of the world’s largest companies like Target Corp and J.C. Penney,  through investments at his New York-based hedge fund Pershing Square Capital Management.

At the Directorship 100 Forum in Manhattan  on Tuesday Ackman told a room full of corporate board members that he knows its his turn now:

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