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Money managers under the microscope

INSIDER-GLC launches two new UCITS strategies

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GLC CEO Caroline Hoare tells Reuters Insider the hedge fund plans to launch two new UCITS-compliant vehicles to draw in new investors.

Manager warns of US government bond bubble

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Those investors still gobbling up US government bonds as a nice defensive investment could be in for a nasty surprise, according to James Montier, a member of GMO’s asset allocation team.

Speaking at the CFA Institute’s European Investment Conference in Copenhagen, Montier said there was currently no margin of safety for investing in bonds as yields were just too low. “Rather than being a risk-free asset this could be about to become a return-free risk,” he said. “Historically, when people have bought bonds at these levels they have received a zero return or worse.”

from Reuters Money:

6 healthy healthcare funds

CANADA-HEALTH/The following column is by Tom Roseen, senior analyst for Thomson Reuters.

Prospects may be brightening for healthcare and biotechnology stocks, now that the election is over and earnings in that sector are strengthening.

Third-quarter earnings reports and advance guidance have been fairly good, according to our Thomson Reuters Proprietary Research team. With 58 percent of the healthcare constituents of the S&P 500 reporting thus far, 86 percent have beaten their consensus earnings estimates.

Merrion profits from UK housing malaise

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October may have been a strong month for markets (and therefore, by implication it seems these days, for hedge funds), but that hasn’t stopped some short-sellers from profiting.

Mike Nicol, manager of the Merrion European Absolute Return hedge fund, says he did well out of new short positions in housebuilders Barratt Developments  and Taylor Wimpey. Both fell around 21 percent during the month, while the FTSE 100 rose 2.2 percent.

Back to basics

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Liverpool Victoria Asset Management managing director Ann Roughead is a woman on a mission.

She is trying to sell her “no frills, back to basics” investment style to UK investors and as she prepares to take her business to UK institutions next year, she insists the existing UK investment model of churning out products and ideas is a broken one.

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