Funds Hub
Money managers under the microscope
Morning line up: Public pension review, Private equity, Europe bonds
News and views on the fund industry from Reuters and elsewhere:
Hutton rules ‘nothing’ out in public pension review – FT
European bond volume falls by a third in first half 2010 – WSJ
Private equity deals make a come back in Q2, but short of boom times – Reuters
Morning line-up: Englund, catenaccio and Soros the socialist
News and views on the fund industry from Reuters and elsewhere:
Come on Englund! – Reuters
Catenaccio is king! – Reuters
Canadian hedgie plans profits from euro zone woes – Globe and Mail
Soros has embraced socialism: Hendry – BloombergTV
from Reuters Money:
Fund managers see value in energy stocks
For equity investors, 2010 has yet to deliver the "fun" to fund investing.
The average stock fund has lost 3.5 percent so far this year, according to Lipper, a Thomson Reuters company. And the funds that are at the top of the performance charts thus far this year are typically taking a defensive stance.
One such defensive portfolio is the Ave Maria Growth fund, which is up 4.86 percent through June 23. According to Lipper, top holdings include defense contractor General Dynamics, retailer Coach and tech giant Hewlett-Packard.
Volatility a fact of life for BlackRock’s Lyttleton
By Deborah Cicurel
After a month or two of volatile equity prices and a yo-yoing stock market, steady returns seemed about as likely as France lifting the 2010 World Cup.
However, Mark Lyttleton, co-manager of the Blackrock UK Absolute Alpha fund sees a way out, claiming his fund — which made money in 2008′s falling markets but underperformed equities in 2009′s rebound and in Q1 2010 – can navigate its way through the current macroeconomic worries.
Morning line-up: Macro, aggro and the bank levy
News and views on the fund industry from Reuters and elsewhere:
NY pension fund weighs in against BP – Reuters
Macro bets double – Bloomberg
Diplomat vs diplomat over hedgie rules – Reuters
Kipper Williams on the levy – Guardian
Binder on global macro opportunities – OpalesqueTV
Service providers flag hedge fund health
Fund service providers were back in force at the GAIM hedge funds conference in Monaco this year, a small sign that the industry, while not exactly brimming with confidence, has at least crawled out of the doldrums of 2009.
The service providers including fund auditors, custodians and prime brokers, have drawn in their horns since the early years of the millennium when they were often the main sponsors of cocktails and dinners at large hedge fund events.
Morning Line-Up: Insider trading fine, love on AIM, BA pension deal
News and views on the fund industry from Reuters and elsewhere:
Ex hedge fund manager fined £50 K for insider trading - Reuters
Easydate lists on AIM - Scotsman
BA’s pension deal with trustees – Financial Times
Morning Line-Up: Madoff’s hidden $9 bln, Austerity Budget, new commodity fund
News and views on the fund industry from Reuters and elsewhere:
Madoff’s hidden $9 billion - Telegraph
UK spending cuts, tax rises in store from Chancellor – Reuters
Former Citi-trader sets up $1 bln for commodity hedge fund- Reuters
Morning line-up: Geldof’s equity tip, UK public pensions, Jupiter’s debut
News and views on the funds industry from Reuters and elsewhere:
Geldof’s investment tip for UK pension funds - FT
Public workers to pay more towards their pensions - Telegraph
Jupiter higher on market debut- Reuters
Morning line-up:
News and views on the fund industry from Reuters and elsewhere:
UK income funds keep faith with BP, for now – Reuters
Hedge fund managers leave conference in bleak mood - Reuters
Seed investors return to start up hedge funds – Reuters
Man-GLG deal signals start of hedge fund M&A wave – Reuters
Let the hedge funds run the risks - Washington Post
