Funds Hub

Money managers under the microscope

Another year of losses for hedge funds?

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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?

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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: Macro, aggro and the bank levy

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

tea.jpgNY 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

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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

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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.

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