Funds Hub
Money managers under the microscope
Morning line-up: Druckenmiller, subprime and Blackstone
News and views on the fund industry from Reuters and elsewhere:
Brevan Howard takes top spot – WSJ
Was Druckenmiller just too big? – Reuters
Subprime lending gets heart a-flutter – Reuters
Blackstone in India – FT
Hedge funds offer bad omen for housing – The Scotsman
Latest from GAIM
Our reporters have been scouting round the halls at the GAIM hedge fund conference in Monaco today. Here’s a taste of what we’ve seen so far:
Man Group CEO rules out big deals after GLG buy
Hedge funds to manage $3 trln by 2013-consultant
FACTBOX-The European hedge fund industry
PREVIEW-May losses cloud hedge fund summit in sunny Monaco
And some links from Reuters Insider coverage:
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Blackstone backs Asia-focused hedge fund – FT
Galleon managers in Asia eye fund buyout - Reuters
ECB warns EU plans could prompt exodus – Reuters
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Hedge fund boss accuses PM of ignoring crunch alarm bell – London Evening Standard
Citadel to oversee Lehman assets – FT Alphaville
Hedgie Paulson mad about Citi – New York Post
Hedge funds hiring again after downturn – Reuters
Blackstone gem – buyout leader excels in hedge sector – New York Post
Derivatives expert Jason Russell back with his own firm – Globe and Mail
Reuters Hedge Funds and Private Equity Summit
Next week sees Reuters running its annual Hedge Funds & Global Equity Summit from 23rd-25th March, with some top speakers lined up.
Regulation is looming for both industries, as G20 leaders prepare to consider recommendations from finance ministers at next month’s summit in London, and is likely to be one of the hot topics.
Hedge funds are facing their biggest challenge ever in the form of high levels of outflows and record poor performance, while many have gated or suspended redemptions.
Private equity, meanwhile, faces major concerns about the sustainability of the leveraged buyout model, as high debt levels push many portfolio companies into breaching their banking covenants.
Last year’s Summit included big-hitters such as Blackstone senior managing director John Studzinski and Eclectica hedge fund manager Hugh Hendry.
Look out for stories and blogs on the Summits section of our website and on Hedge Hub next week.
