Funds Hub
Money managers under the microscope
Morning line-up: Druckenmiller, subprime and Blackstone
News and views on the fund industry from Reuters and elsewhere:
Brevan Howard takes top spot – WSJ
Was Druckenmiller just too big? – Reuters
Subprime lending gets heart a-flutter – Reuters
Blackstone in India – FT
Hedge funds offer bad omen for housing – The Scotsman
Morning Line-Up: Lehman rumours, CalPERS names naming, Scandinavia
News and views on the asset management industry from Reuters and elsewhere:
Hedge fund Och-Ziff accused of Lehman rumours in court papers – WSJ
CalPERS should name 100 largest Californian politicians’ pays – Reuters
Private equity investments in Scandinavia on track to pre-2007 levels- Bloomberg
Morning line-up: Chile, nightmares and the back of the garage
News and views on the fund industry from Reuters and elsewhere:
Chilean fund regulation shake-up – Reuters
Lawyers become money managers – WSJ
Rooting round the back of the garage to plug pensions – Reuters
Neuberger reunited – Bloomberg
The hedge fund nightmare – Telegraph
Another year of losses for hedge funds?
Are we heading for another down year for hedge funds?
I ask because after a choppy six months or so, during which the FTSE 100 is down 3.6 pct, hedge funds have also lost 1.12 pct.
Some commentators are predicting a rebound in equities and other assets, but others expect further volatility, which could be harmful to funds’ returns.
How much volatility can you take?
It’s been a volatile few months for stock markets and many hedge funds have suffered as a result.
However, few have had such volatile performance as Superfund.
The managed futures fund, whose founder Christian Baha we profiled in May and who pops up in today’s FT in a section extolling the virtues of ‘Vienna as a financial centre’, saw its aggressive share class fall a hefty 28.37 percent in May’s turbulent markets, having lost more than half its value in 2009.
Morning Line-Up: Hedge funds, sterling shorting, rights issue consultation
Hedge funds see ‘trying’ year in 2010-survey – Reuters
Big fall in short selling of sterling since budget- Daily Telegraph
Fund managers throw down the gauntlet to banks on rights issue fees – Times
Money flows to bonds, emerging market stocks in first half - Reuters
Morning line-up: USS, Gambhir and the US take on regulation
News and views on the fund industry from Reuters and elsewhere:
USS prepares for tough call – Reuters
Gambhir likes UK, Germany – CityWire
Wall Street still in the hedge fund game – Reuters
Market reprieve robbed clients of change – Reuters
Morning line-up: Macro, aggro and the bank levy
News and views on the fund industry from Reuters and elsewhere:
NY pension fund weighs in against BP – Reuters
Macro bets double – Bloomberg
Diplomat vs diplomat over hedgie rules – Reuters
Kipper Williams on the levy – Guardian
Binder on global macro opportunities – OpalesqueTV
Service providers flag hedge fund health
Fund service providers were back in force at the GAIM hedge funds conference in Monaco this year, a small sign that the industry, while not exactly brimming with confidence, has at least crawled out of the doldrums of 2009.
The service providers including fund auditors, custodians and prime brokers, have drawn in their horns since the early years of the millennium when they were often the main sponsors of cocktails and dinners at large hedge fund events.
Bears stalk hedgie jamboree
After 20 percent gains in 2009 and a year of inflows, you might expect the mood in Monaco at the annual GAIM hedge fund conference to be jubilant. Indeed, Martin de Sa’Pinto has identified some crucial developments in delegates’ late-night carousing which point to some renewed confidence.
Managers are certainly in a better mood than last year, when the industry had been through a battering from markets and disillusioned investors.
