Funds Hub
Money managers under the microscope
Latest from GAIM
Our reporters have been scouting round the halls at the GAIM hedge fund conference in Monaco today. Here’s a taste of what we’ve seen so far:
Man Group CEO rules out big deals after GLG buy
Hedge funds to manage $3 trln by 2013-consultant
FACTBOX-The European hedge fund industry
PREVIEW-May losses cloud hedge fund summit in sunny Monaco
And some links from Reuters Insider coverage:
Morning line-up: Hedge funds eye banks, Pru, longevity and state pension
News and views on the fund industry from Reuters and elsewhere:
Hedge funds eye lenders and banks - Reuters
Voting advisers say Pru paying “full price” for AIA – Reuters
UK state pension age could track longevity - Telegraph
Morning line-up: Greek crisis, Japan’s public pension fund
Hedge funds see Greek debt crisis spread - WSJ
European Monetary Fund debate overlooks real problems - Citywire
World’s biggest pension fund remains conservative – Reuters
from Global Investing:
The art of being passive
Hundreds or even thousands of "active" fund managers are competing to add alpha to beat benchmark indexes, be it in stocks, bonds or alternatives.
The market is so efficient, historical performance is no guide to the future. It's nearly impossible to find a reliable method to pick advisers who deliver the best industry returns year in and out. There are also costs, from visible ones such as management fees and custody and administration expenses to "below water" costs such as trading commissions (due to higher turnover), bid/ask spread (price to buy, another to sell) and market impact costs (larger buy/sell orders affecting price).
Morning Line-up: Fink, Ucits, Greece
News and views on the hedge fund industry from Reuters and elsewhere:
Ex-chief of Man Group plans tie-up with Hite – FT
Edward Cartwright: New dawn for Japanese hedge funds
Edward Cartwright is head of business development at alternative investment manager LGT Capital Partners in London. The firm runs $18 bln in hedge fund and private equity assets.
The views expressed here are entirely the author’s own and do not constitute Reuters point of view.
Morning Line-Up: Galleon nears port as Hedgies exit Europe
News and views on the hedge fund industry from Reuters and elsewhere:
Hedge funds exit from Europe bets - The Wall Street Journal
South African government to clamp down on hedge fund oversight - Business Report
Hedge funds buy financials, signalling industry recovery - City AM
Morning line-up: DE Shaw, euro, Galleon
News and views on the hedge fund sector from Reuters and elsewhere:
DE Shaw mobilises team to buy distressed assets of fund rivals – FT
Traders in record bet against the euro – FT
Galleon figure Chiesi stands by Rajaratnam – Reuters
EU hedge fund regulation plans still risky: UK FSA – Reuters
Britain need not fear a Greek tragedy, yet – Telegraph
Australian single hedge funds return 20.81 pct in 2009 – HedgeWeek
Berkowitz’s Fairholme likes more Berkshire Hathaway and healthcare – Seeking Alpha
Pequot Capital’s Last Holding: InterOil – Seeking Alpha
