Funds Hub
Money managers under the microscope
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.
Current skepticism about our global energy supply and the deleterious impact of fossil fuels on the ecology make investing in alternative energy sources an attractive option, especially for the long haul. While the recent state of the economy has derailed both private and public investment in green technology, experts predict an over-twofold increase in sales growth for this group by 2019.
Many of us wonder how we can get in on the ground level of the new technology and the advancements in alternative energy sources: wind power, solar power, geothermal energy, nonfossil fuel-biomass energy, and hydroelectric energy. But new and burgeoning businesses providing these energy sources may sometimes be difficult to research and even more difficult to understand.
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
from Reuters Investigates:
For hedge fund titans, the long and the short of it
Our latest special report profiles one of the more colorful figures in the hedge fund world -- William Ackman. Wall Street Investigations editor Matthew Goldstein teamed up with funds correspondent Svea Herbst-Bayliss, who was in New York this week for the Value Investing Conference.
Here's what Matt has to say about Ackman and one of his rivals.
"Hedge fund managers William Ackman (left) and David Einhorn (right) are fairly good friends and sometimes they find themselves on the same side of a debate over a stock.
All Aboard the Good Ship QEII
Where will the fickle finger of the Fed point next? It’s a dilemma taxing asset managers trying to anticipate where the Federal Reserve will be spending its pennies once it starts its second round of quantitative easing. The Bank of Japan recently hinted that it might buy commercial paper, exchange traded funds and real estate investment trusts as part of its asset purchase scheme, so the Fed may not stick to T-bills and mortage backed-securities.
“Investors will need to look out for signals from central banks,” said Andrew Milligan, head of global strategy at Standard Life Investments, speaking at a briefing in London today. Milligan describes QE as “crossing the Rubicon” and pointed out that US government bond yields are grinding lower because hedge funds have jumped in to the T-bill market on the expectation that the Fed will start a second round of bond buying. If the yield for the 10-year T-bill dips below 2 percent, Milligan said, this would be getting close to bubble territory.
Shocking.. Toxic.. Nasties.. Devastating.. Leeches..
.. Some select phrases from this morning’s Daily Mail pop at greedy fund managers who rake in fees whether or not they’re beating the market. It might read a bit like an advertiorial for passive managers like Vanguard (which gets an unusually high number of prominent name checks) but it won’t be comfortable reading for other asset management execs.
The paper’s salvo gives a kicking to firms like Axa and Henderson and makes much of the secretive pay packages earned by the fundies and the marketeers. It also, somewhat bizarrely reckons the grey-suited long-only managers looking after your ISA are responsible for most of the yachts bobbing gently in the Marina at Monte Carlo.
Morning Line-Up: All change at fund houses, investors eye property
News and views on the asset management industry from Reuters and elsewhere:
Smith leaves Collins Stewart to focus on Tullett and Fundsmith venture - Reuters
Investors earmark $281 billion for global property in 2011 - Reuters
Hedge fund index to post best year-to-date performance - HedgeWeek
Aberdeen promotes Duce and Kearney - Fund Strategy
M&G’s Simon Bailey quits small cap fund - Fund Strategy
Morning Line-Up: Emerging markets still in favour
News and views on the asset management industry from Reuters and elsewhere:
Japan’s GPIF to invest in emerging market equities - Reuters
Calpers severs ties with private equity firm Pacific Corporate - Reuters
Managers maintain key positions in corporate bonds - HedgeWeek
Advisers prefer emerging market debt to gilts - Fund Strategy
Morning Line-Up: Hedgies, ETF providers prep new funds
News and views on the asset management industry from Reuters and elsewhere:
Emerging market bond boom at new highs - Reuters
Star trader to run GLG’s new Newcits fund - FTfm
The chart that bounced…
Our graphics team have been busy producing some wonderful interactive contraptions and this is one of the best I’ve seen, a clear and useful look at the top equity fund sectors over the last three years.
No great surprise to see Thailand ruling the roost but interesting to see Italian funds faring so poorly, and who would have picked Israeli small cap managers to make the top 10?.
Morning line-up: The council housing business, playing dead and enthusiasm for corporate pairings
Scotland seeks housing boost from pension funds - Reuters
Fund manager sentenced for faked plane death – Bloomberg
Fund backs ACS bid for Hochtief – Financial Times
Man Group shares jump on bid talk - Reuters
