Funds Hub
Money managers under the microscope
Morning Line-Up: CQS, takeovers, emerging markets
News and views on the asset management industry from Reuters and elsewhere:
French funds of hedge funds struggle to recover from the crisis – Financial News
Hintze fund snaps up farm – The Land
Hedge funds ready for takeover surge – Financial News
How to play emerging markets – WSJ
Castlestone launches automated trading service for hedge funds – HedgeWeek
Morning Line-Up: Calpers sees off Arnie, ALFI eyes Asia UCITS surge
News and views on the asset management industry from Reuters and elsewhere:
Arnie drops plans to raid Calpers - Reuters
RAB Capital gives profit warning - Reuters
CQS sees demand for high yield in Asia fund - HedgeWeek
ALFI prepares for Asia surge in UCITS - HedgeWeek
CQS upbeat on credit
It’s not often that the bigger hedge fund firms share their market positioning, especially at a time when funds are struggling to find decent investment ideas.
So it’s interesting to see CQS, which runs $7.5 bln, offering its views on credit markets.
The firm upped its risk across investment grade and junk bond markets 3-4 weeks ago, and, despite taking off some bets during the rally, is still positive short-term.
It cites cheap valuations and also the condition of the economy — while many believe a severe double dip has been averted (hence the recent narrowing in credit spreads), this doesn’t mean the economic picture will be rosy. CQS argues growth won’t be strong enought to force up interest rates, meaning bond prices would still be supported.
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Will ETFs replace hedge funds?…. No – Seeking Alpha
Hintze the Prince’s philanthropist – Bloomberg
Hedgies to top stocks, bonds in 2010 – Reuters
Calpers probes hedge fund advisors – LA Times
Managed futures on the rack – Reuters
