Funds Hub
Money managers under the microscope
Back to basics
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.
“What is the point of always looking for the next best idea? And what is the point of selling people something they don’t want? For example, if you are running a Mars factory and nobody liked the taste of the bars you were producing, you would be out of business.”
LVAM only offers three broad asset classes – equities, bonds and property, which is managed by an in-house team. “Our fund managers are honest to God stock pickers. They value the market, they don’t base it on some black-box approach.” So far, LVAM’s AuM figures seem to bear Roughead out.
HSBC fund arm CEO is a Russia bull
Russia may be lagging other emerging markets, but the outlook for commodity prices suggests outperformance is not far off, John Flint, chief executive of HSBC Global Asset Management tells Insider.
Morning Line-Up: Olympic mall, takeover rules revisited, Co-op insurance
News and views on the asset management industry from Reuters and elsewhere:
Morning Line-UP: One manager sent down, another re-emerges
News and views on the asset management industry from Reuters and elsewhere:
Former manager sentenced to 14 years in prison – Wall Street Journal
Henderson sees new outflows, AUM up 5 pct – Reuters
Global macro funds jump back after slow summer - Financial Times
Former Brevan Howard partner emerges at Schroders – Financial News
Morning Line-Up: Opportunity in austerity and taken over by one’s own pension fund
News and views on the asset management industry from Reuters and elsewhere:
Henderson head of hedge fund sales quits - Reuters
UK spending review opportunities for fund managers – What Investment
Uniq plans to lift pension burden – Financial Times
Morning Line-Up: Stellar inflows, a regulatory compromise and fear of being caught
News and views on the asset management industry from Reuters and elsewhere:
EU states agree deal on hedge fund rules - Reuters
Jupiter third quarter assets rise 12 percent – Reuters
Hedge funds enjoy biggest asset growth for three years – Financial Times
Pension fund manager jumped to death after stealing 1.1 mln stg - BBC
Don’t overpay for Enel renewables arm
Enel’s IPO of its renewable energy arm is only attractive if it’s priced at the lower end of the price range, says Edward Guinness, co-manager of Guinness Asset Management’s Alternative Energy Fund.
Morning Line-Up: A new code of conduct, Alpine idylls and an outing in London
News and views on the asset management industry from Reuters and elsewhere:
CQS plans UK fund listing in December – Reuters
Swiss village cuts tax rate to lure hedge funds – Guardian
RBC to pay $1.5 billion for BlueBay – Reuters
Global investment groups back UK shareholder code - Financial Times
from Reuters Money:
Green investing with mutual funds
Tom Roseen is the U.S. and Latin America Research Manager at Lipper -- a Thomson Reuters company that supplies mutual fund information, fund ratings, fund analytical tools and fund commentary.
Even if you don’t buy into the global warming argument, you’re probably still interested in finding ways to reduce your gas and oil costs, keep the air breathable for you and your family, and benefit from the global momentum to clean up our planet. So are others.
Morning Line-Up: Hands vs Citi, hedgies hunt elusive alpha
News and views on the asset management industry from Reuters and elsewhere:
Guy Hands and Citi to face off at EMI trial - Reuters
SEC charges more in Petters Ponzi scheme – Reuters
Hedge funds struggling to find alpha, says Fitch – HedgeWeek
Baillie Gifford appoints new CIO – Fund Strategy
Wykeham Capital Asia Value Fund to open to external investors – HedgeWeek
Singapore’s Amoeba Asia Fund to close - HedgeWeek
