Funds Hub
Money managers under the microscope
Weathering the storm
Interesting to see two fund firms still winning new business, in spite of recent market turbulence.
Both Polar Capital and BlueBay reported roughly $300 mln of net inflows in the last quarter, showing that despite a sharp sell-off in markets, there is still demand out there.
However, BlueBay’s figures show demand could be slowing down rapidly — the inflows are less than a tenth of the levels seen in each of the past four quarters.
Industry data for Q2 will give us a much better picture of how the industry is faring. In the meantime the message seems to be that clients are still buying funds but they’re getting nervous.
Distressed investing: surprises at every turn
Investing in a company in trouble is rarely for the faint-hearted, as the funds lending to Eggborough power station know.
Earlier today France’s EDF, Eggborough’s current owner, confirmed lenders to the coal-fired power station planned to exercise their option to buy the Yorkshire plant for about 190 million pounds.
