Funds Hub
Money managers under the microscope
Morning Line-Up: Goldman, clearing houses, Hargreaves
News and views on the asset management industry from Reuters and elsewhere:
Goldman and Clive Capital to launch commods index - FT
Clearing houses target direct links with fund managers – Financial News
Hargreaves resists revealing fund commission – ThisisMoney
Are marathon runners trying to sprint?
“The long is short. Investment choice, like other life choices, is being re-tuned to a shorter wave-length.” So stated Andy Haldane of the Bank of England in a speech last month.
If one of the key features of a mutual fund is that it is a long-term investment, then concerns that money is being managed over decreasing time horizons should be treated seriously.
from Jeremy Gaunt:
What dot.com bubble?
The IPO of LinkedIn has triggered warnings about a new internet bubble. The business was valued at $11.6 billion and its shares closed up 109 percent on launch day.
It is worth remembering that the internet or dot.com bubble ran from roughly 1995 until it burst spectacularly in 2000 (or 'the year 2000' as we rather quaintly called it at the time). Assuming you start a serious job in the finance industry at 23, that means no one under 34 really has any concept of the bubble and no one under 39 would have seen the whole thing through.
from Jeremy Gaunt:
Dot.com what?
The IPO of LinkedIn has triggered warnings about a new internet bubble. The business was valued at $11.6 billion and its shares closed up 109 percent on launch day.
It is worth remembering that the internet or dot.com bubble ran from roughly 1995 until it burst spectacularly in 2000 (or 'the year 2000' as we rather quaintly called it at the time). Assuming you start a serious job in the finance industry at at 23, that means no one under 34 really has any concept of the bubble and no one under 39 would have seen the whole thing through.
Morning Line-Up: ETFs, awards
News and views on the asset management industry from Reuters and elsewhere:
Why natural disasters and inflation fears helped ETFs in Q1 – Forbes
Fund man declines royal chance to boast – Sydney Morning Herald
European hedge fund managers honoured at Hedge Funds Reviews awards – Hedge Funds Review
Hedge funds vs mutual funds
By Dunny P. Moonesawmy, Head of Fund Research for Lipper in western Europe, Middle East and Africa. The views expressed are his own.
Hedge funds took some heat from the credit crisis as liquidity and transparency became critical factors in investment decision-making. It’s fair to say hedge funds continued to deliver decent returns to investors, but how do they compare to mutual funds if we focus on performance and risk alone?
Morning Line-Up: Sze, pension funds, El Paso
News and views on the asset management industry from Reuters and elsewhere:
Ex-Goldman trader’s $1 bln-plus fund makes modest start – Reuters
Hedge fund boosts stake in El Paso – WSJ
Boring pension funds? Not anymore – WSJ blog
Rising food prices: the role of pension funds – Guardian blog
Morning Line-Up: Lock-ups, rising stars
News and views on the asset management industry from Reuters and elsewhere:
Hedge funds have $100 bln still locked up - Pensions & Investments
Rising stars in resurgent hedge funds - WSJ
Banks woo funds with private peeks - WSJ
UK funds suffer as mining shares fall - FT Adviser
Arab spring dents MENA funds
By Merieme Boutayeb, Research Analyst at Lipper. The views expressed are her own.
The first half of 2011 has been a tough ride for investors. Disaster in Japan and the ongoing euro zone debt crisis have sent markets reeling, but perhaps the most telling long-term impact will come from the so-called Arab spring.
Look at the whites of his eyes, and of his hair
Maurice Chevalier once observed that “old age isn’t so bad when you consider the alternative.” This may be apt for an entertainer, but does it have any relevance for fund management? Do grey hairs actually improve performance?
A couple of years ago I worked on some analysis of the board structures of investment trusts (closed-ended funds in the UK) and was surprised to find that the range of ages across some 1,630 directorships varied from 27 to 95. (Just 6 percent of these were held by women – but that’s for another day.)
