Funds Hub
Money managers under the microscope
Morning Line-Up: CDS, TCI, Balfour
News and views on the asset management industry from Reuters and elsewhere:
Hedge funds bet against euro, shirk CDS, in crisis – Reuters
Massachusetts regulator subpoenas Guidepoint Global – Reuters
TCI accounts reveal impact of financial crisis – FT
Hedge funds flock back to Asia – WSJ
Hedging breakdown drives investors to managed futures funds – WSJ
Balfour to launch £1 bln infrastructure fund – FT
New wave of hedge fund start-ups find life is tough – Reuters
Greece to welcome hedge funds?
Interesting report in the Telegraph that debt-laden Greece may have to turn to hedge funds for support in its next dollar bond issue.
Having effectively tried to exclude them from recent issues, a u-turn looks likely if it wants to raise anything like what it hopes, the paper says.
Hedge funds: Greece is the word
This week’s Reuters Hedge Fund and Private Equity Summit gave us some new insights into how hedge funds are betting on Greece’s debt crisis and their attitude to talk that politicians and regulators may clamp down on their activities.
According to Cheyne Capital, for instance, buying Greek CDS is an “old trade” that many hedge funds have moved out of. Many have instead moved to short bets on the euro, as the single currency comes under pressure from the debt of some southern European countries.
