Funds Hub
Money managers under the microscope
Morning line-up: MENA, property and PE discounts
News and views on the fund industry from Reuters and elsewhere:
Time is short… – Reuters
BC offers discount – FT
Lehmans wrangle – WSJ
NewSmith pay – Telegraph
MENA funds stymied – Reuters
Morning Line-Up: PwC DB plans, Pru’s chairman, Chinese insurers
News and views on the asset management industry from Reuters and elsewhere:
PwC shuts UK defined benefit pension schemes - FT
Chinese insurers allowed to invest in private equity, property - Reuters
Renewed attack on Pru’s chairman - Daily Telegraph
Morning line-up: growing junk bond demand, Afghan bank needs funds, Geldof’s latest Africa fundraiser
News and views on the fund industry from Reuters and elsewhere:
Borrowers turn to high yield – Guardian
Afghanistan argest bank needs propping – Wall Street Journal
Geldof eyes $1 bln for Africa fund - Financial Times
Yen? Too late.
European investors have missed the boat if they wanted to adjust their portfolio to take advantage of a rising yen as the currency has peaked, says BNP Paribas Asset Management’s Hubert Goye.
You can watch his interview with Reuters Insider here: http://link.reuters.com/ket58n
Morning line-up: China, miner and the SEC
News and views on the fund industry from Reuters and elsewhere:
The lowdown from BHP funds – Reuters
Quote stuffers – WSJ
Lex on China’s ‘first’ hedge fund – FT
Tough calls for FoHFs – Reuters
Ex-Mizuho traders go hedgie – Bloomberg
Morning line-up: Loeb letters, movers and tutters
News and views on the fund industry from Reuters and elsewhere:
Bumper day of movers – Reuters
Blind leading the blind? – Baseline Scenario
… and Felix Salmon joins the debate – Reuters
Bulls dwindle – Hedgeweek
SLI tut-tuts after Tomkins deal passes – Guardian
from Jeremy Gaunt:
And the investor survey says…
Reuters asset allocation polls for August are out. They show very little change from July, which suggests investors are still cautious and uncertain about what is happening.
One big difference, month-on-month, was a large jump into investment grade corporate debt. Andrew Milligan of Standard Life Investments reckons this may in part have been because sovereign debt rallied so much over summer that returns from government bonds are now too meagre.
Trimming equities in the summer freeze…
Leading investors around the world barely changed their exposure to assets in August, trimming equities slightly in favour of bonds, where they loaded up on top-notch corporates, Reuters polls showed on Tuesday.
Watch the video by clicking the link below:
Morning line-up: FSA, risk and wise owls
News and views on the fund industry from Reuters and elsewhere:
So who’s regulating the people who regulate the regulators’ pay – FT
Hedgies tiptoe away – Reuters
Foot off the gas – Bloomberg
SA hedge funds get in on the act – Business Day
Altman is a hoot – Reuters
Where there’s muck…
Pensions schemes are in trouble, but those attempting to get them out the mire are seeing some money-spinning opportunities.
Corporate retirement funds that have promised to pay workers based on their final salaries have long been heading for difficulties as we humble drones have the temerity to live longer than anyone thought possible. Combine that with roller-coaster markets and unpredictable inflation and interest rate prospects and trustees start hunting around for a golden bullet.
