Funds Hub
Money managers under the microscope
INSIDER-Hedgie client targets modest returns
Hedge fund returns of 4-5 percent over money market rates is pretty good going, APG’s Gerlof de Vrij tells Reuters Insider.
Theirs not to reason why…
Hedge funds have had a tough time since the onset of the credit crisis, what with some poor performance in 2008, looming regulations from the U.S. and Europe, and the general vilification of bankers and financiers in recent years.
However, their plight was thrown into a whole new light yesterday at this week’s Hedge 2010 conference in London’s Canary Wharf, where Caroline Hoare, CEO of hedge fund firm GLC, drew a comparison with the charge of the light brigade.
INSIDER-GLC launches two new UCITS strategies
GLC CEO Caroline Hoare tells Reuters Insider the hedge fund plans to launch two new UCITS-compliant vehicles to draw in new investors.
Merrion profits from UK housing malaise
October may have been a strong month for markets (and therefore, by implication it seems these days, for hedge funds), but that hasn’t stopped some short-sellers from profiting.
Mike Nicol, manager of the Merrion European Absolute Return hedge fund, says he did well out of new short positions in housebuilders Barratt Developments and Taylor Wimpey. Both fell around 21 percent during the month, while the FTSE 100 rose 2.2 percent.
Morning Line-Up: AZ’s IPO, recession predictions, Man’s jobs cull
News and views on the asset management industry from Reuters and elsewhere:
AZ Electronics boosts IPO plans- FT
Morning Line-Up: Buffett, JP Morgan in Brazil, EU hedge fund rules
News and views on the asset management industry from Reuters and elsewhere:
Warren Buffett’s latest pick – Reuters
Morning Line-Up: All change at fund houses, investors eye property
News and views on the asset management industry from Reuters and elsewhere:
Smith leaves Collins Stewart to focus on Tullett and Fundsmith venture - Reuters
Investors earmark $281 billion for global property in 2011 - Reuters
Hedge fund index to post best year-to-date performance - HedgeWeek
Aberdeen promotes Duce and Kearney - Fund Strategy
M&G’s Simon Bailey quits small cap fund - Fund Strategy
Morning Line-Up: Hedgies, ETF providers prep new funds
News and views on the asset management industry from Reuters and elsewhere:
Emerging market bond boom at new highs - Reuters
Star trader to run GLG’s new Newcits fund - FTfm
Socially useful?
Andrew Baker, boss of hedge fund industry lobbyists AIMA, has taken umbrage at the “unsavoury terms” used to refer to his members.
He doesn’t like the biblical monikers of locusts or parasites and gets very prickly indeed at accusations the Mayfair money men might be socially useless.
Morning line-up: Paulson, KKR and Horlick
News and views on the fund industry from Reuters and elsewhere:
KKR buys Avantha stake ahead of IPO – Economic Times
Paulson’s flagship fund wipes off year’s losses in September – Reuters
Nicola Horlick launches film script company – Independent
NAPF urges UK companies to ‘mention the pension’ – Reuters
