Money managers under the microscope
Guest blogger Paul Compton is head of product management at SunGard Alternative Investments.
The views expressed here are the author’s own and do not constitute Reuters point of view.
A recent EU report on the draft AIFM (alternative investments fund managers) directive commissioned by the Parliament’s Committee on Economic and Monetary Affairs has added to the furious debate generated by politicians and by the army of campaign groups mustered against it.
The report criticised the directive as “poorly constructed, ill-focused and premature,” and something that is likely to impose untenable costs on the alternative investments industry. The draft directive has raised a lot of hackles, but just how bitter a pill will it be to swallow in reality?
Bill Maldonado, head of alternative investments at HSBC’s Halbis unit, talks to Hedge Hub about how market neutral hedge funds have fared in 2008 and 2009.