Funds Hub

Money managers under the microscope

Apples, pears and Ucits

Ucits funds have undoubtedly benefited from the uncertainty surrounding the AIFM directive.

A number of hedge funds have opted to launch products in the Ucits format — automatically avoiding the directive, which focuses on non-Ucits funds — rather than wait and see how the long-running political battle plays out.

A question of trust?

Signs of big-ticket investments from pension funds — New York State Common Retirement Fund has backed emerging market debt manager Finisterre Capital with $250 mln.

RTXQPR6Despite 2008′s losses, pension funds are obviously keen to invest, perhaps because equity mutual funds lost them even more money than hedge funds during the crisis.

Morning Line-Up

tea.jpg

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

Veritas offers UCITS III-compliant hedge fund - Investment Adviser

GLG MMI appoints BNY Mellon as fund administrator - Hedgeweek

Banks boost lending to hedge funds – Wall Street Journal

Hedge fund manager Jim Chanos sounds warning on China - Seeking Alpha

It’s not just the leverage

If private equity is anything to go by, there is plenty of hope for hedge funds operating in the new, post-Lehman world of lower leverage.

RTXQA97A study by the Center for Entrepreneurial and Financial Studies and Capital Dynamics, out today, finds that two-thirds of private equity’s value creation is down to improving companies it owns or rising market multiples.

Morning Line-Up

Jan 5, 2010

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

tea.jpg

N.J. hedge fund up 132% last year - Finalternatives

Penjing Asset ties up with Triple A for seed fund - Reuters

Hedge Funds finish year with a bang - The New York Times

Pension Funds to drive hedge fund growth - Hedge Funds Review

 

 

2009 – an annus mirabilis?

There is already hard data out from HFR showing hedge funds received net inflows of $1.1 bln in Q3 (small, but nevertheless a relief after $330 bln of net outflows in the year to June). Hedge funds suffered their own annus horribilis in 2008. REUTERS/Reuters Photographer.

Hedge funds suffered their own annus horribilis in 2008. REUTERS/Reuters Photographer.

Go for those nickels!

The hard lessons learnt from the credit crisis might suggest investors shouldn’t be trying to pick up the proverbial nickels on a railway track. REUTERS/Luke MacGregor

REUTERS/Luke MacGregor

In a blog post in May I pointed to research by Yale academic Hongjun Yan that hedge fund managers are far more likely to choice so-called nickel strategies than so-called black-swan strategies.

  •