Funds Hub
Money managers under the microscope
Morning line-up: Loopholes, yoga balls and karaoke
News and views on the fund industry from Reuters and elsewhere:
Closing tax loopholes for billionaires – Huffington Post
Fundies fall short in bid to sideline banks – Reuters
H-E-D-G-E: derivatives sing-along (Yes I know it’s old) – Merle Hazard
Chapter and verse on the US tax changes to hit funds – Reuters
Morning line-up: Fickle hedgies, seeding and Arki’s handicap
News and views on the fund industry from Reuters and elsewhere:
The new seeding? – Reuters
Investors prepare to wade through 1,000 pages – Times
In, out, shake it all about – Forbes
The campaign against naked shorts – Deep Capture
Morning line-up: Fury, perversity and the ethical view
News and views on the fund industry from Reuters and elsewhere.
Peep! Peep! Hedgies find a new muse – WSJ
Full of sound and fury. Signifying nothing? – Reuters
John Gapper on perverse Germans – FT
Aberdeen big in Japan – Reuters
Meet the woman trying to make your pension more ethical – Independent
Morning line-up: Naked shorts and synthetic outrage
News and views on the fund industry from Reuters and elsewhere:
‘Synthetic’ outrage over the hedge fund directive – Economist
Aussie’s Goldman claim gets traction – Reuters
Oprah’s family office – WSJ
Missing the point? – Reuters BreakingViews
…More on the German ban – Zero Hedge
Public pensions: the billion/trillion/TBC issue for the new fiscal watchdog
The moment of truth has come: the new government is going to outline £6 billion of spending cuts and to make sure it will stick to deficit tackling measures, it has appointed a new fiscal watchdog, the Office for Budget Responsibility (OBR).
As part of its remit, the new agency will also ”have a role in making an independent assessment of the public sector balance sheet including analysing the cost of ageing, public service pensions,” the Treasury says.
from DealZone:
In man vs machine, GLG has Manly appeal
Hedge fund firm Man Group apparently pricey deal to buy GLG Partners gives Man – the world’s biggest listed hedge fund -- better access to the large and lucrative U.S. market. It also counts as a small win for the human race in its apocryphal war for investors' funds with cheaper, faster and -- many would argue -- far more dangerous algorithmic trading machines known as black boxes.
The $1.6 billion cash-and-shares deal represents a heady 55 percent premium to GLG's closing price on Friday. Clearly some investors are worried it's a little too rich. It has so far driven the shares of Man – which had already lost about a fifth of their value since mid-April -- down by a little more than 8 percent.
Morning line-up: How to win a week with Elisabeth Murdoch
News and views on the fund industry from Reuters and elsewhere:
Kobe beef, the Killers and a Murdoch yacht – FT
Peston explains Germany’s dim view of hedgies – BBC
Waddell a piece in the plunge puzzle – Reuters
PIMCO on contagion and UK risk – Zero Hedge
Osborne admitting defeat – Telegraph
Morning line-up: Pru’s Asian divestment, Gartmore, EU/hedge funds
News and views on the fund sector from Reuters and elsewhere:
Pru outlines Asian divestments to appease shareholders- Reuters
Gartmore says over £1 bln withdrawals after Rambourg’s suspension – Reuters
Morning line-up: AIFM, Tullett, Ucits
EU official seeks “balanced” hedge fund rules – Reuters
Tullett venture to raise money for hedge funds - Reuters
Ucits structure could distort hedge fund strategies – HedgeWeek
Matrix appoints head of risk from Man Group – HedgeWeek
Morning line-up: Harbinger, Madoff, pensions
City predicts Philip Falcone hedge fund bid for Inmarsat – Guardian
Pension schemes back into deficit – BBC
Invesco drops from UK top 10 for fund sales-Lipper - Reuters
Fund managers ‘sold clients down the river’ over Bernard Madoff – Times
Anja Balfour quits Axa Framlington – Fund Strategy
