Funds Hub

Money managers under the microscope

from Global Investing:

Inside the Reuters investment polls

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The headline news from our Reuters asset allocation polls this month was that not much has changed from December in terms of overall investment positioning, but that there was a decided shift from emerging markets and European stocks to North America.

But buried in the numbers were a couple of other things:

-- Bonds are decidedly unpopular among fund managers. The overall global allocation was the lowest since February.

-- Bond underweights have also been getting heavier and heavier since summer and now reflect significant bearishness.

-- Within bond portfolios, however. U.S. debt was on the up, at levels not seen for at least 12 months. This contradicts the widely held view that Treasuries are losing their appeal.

The Naked Truth

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By Ed Moisson, Head of UK & Cross-Border Research at Lipper

Do independent asset managers perform better than bank-run funds?

Lipper was recently approached to analyse the difference in performance between funds operated by broader financial services companies (banks and insurers) and those managed by ‘pure play’ asset managers.

This research came in the wake of comments made by Peter Hargreaves, founder of IFA Hargreaves Lansdown, who said in September that many funds in the UK run by banks were “seriously crap”.

INSIDER-Bullish Outlook for Stocks for 2011

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Investors lifted their exposure to stocks to a 10-month high in December, according to a Reuters poll. Nordea’s Asbjorn Trolle Hansen says they are right to be bullish about 2011.

Back to basics

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Liverpool Victoria Asset Management managing director Ann Roughead is a woman on a mission.

She is trying to sell her “no frills, back to basics” investment style to UK investors and as she prepares to take her business to UK institutions next year, she insists the existing UK investment model of churning out products and ideas is a broken one.

HSBC fund arm CEO is a Russia bull

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Russia may be lagging other emerging markets, but the outlook for commodity prices suggests outperformance is not far off, John Flint, chief executive of HSBC Global Asset Management tells Insider.

Morning line-up: Asian solar, bonds and correlations

News and views on the fund industry from Reuters and elsewhere:

RTR1SGF8Lands of the rising sun – Reuters

Bonds. Bubble? – Telegraph

Chasing the dream – Reuters

Don’t take it personally.. – Belfast Telegraph

New bid to solve hedge fund rules row – Reuters

Correlation swaps.. – FT Alphaville

Regulator turns eyes to annuity bets – WSJ

from Emily Chasan:

Fortress CEO: The black box is dead

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     Famously secretive hedge funds may have to stop being so secretive if they are to continue attracting all that money from their wealthy clients.

Chief executive of Fortress Investment Group, the $41.7 billion hedge fund and private equity group, said investors are demanding a lot more transparency these days.

Unstable, greedy, selfish….

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Not the words ringing in my ears as I leave for work every morning, but City of London Investment CEO Barry Olliff’s take on the UK financial sector.

Olliff is taking his company from AIM and onto the main market next month and the new governance guidelines which will apply to the firm as a result have sparked a frank assessment. Take it away, Barry:

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