Funds Hub
Money managers under the microscope
From Reuters TV: PB’s fishing, but are Hedgies biting?
In a desperate attempt to win market share, prime brokers are courting blue-chip hedge funds with offers of cheap credit. But are hedge funds biting?
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Analysts’ picks beat mutual funds – FT
New kids on the prime brokerage block – WSJ
Citadel gearing up to be the next Goldman? - Seeking Alpha
US hedge fund eyes Gulf opportunities – Reuters
Morning Line-Up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Some hedgies still feel effects of 2008 redemptions – Dow Jones
HSBC seeks to fill Lehman void as hedge fund broker – Bloomberg
What investors want from hedge funds now- Business Week
Should hedge funds worry about porous Chinese walls?
Nowadays most hedge fund managers who use leveraged trading strategies such as relative value to exploit pricing inefficiencies employ multiple prime brokers.
If you ask them why, they will generally answer that, post Lehman, having multiple prime brokers is seen as a fundamental part of managing counterparty risk.
Blowin’ in the wind
The timing of the Alternative Investment Management Association’s hedge fund disclosure initiative indicates just how strong the winds of change are blowing in hedge fund land.
Coming just a day after ECB President Jean-Claude Trichet called the credit crisis “a loud and clear call” for extending hedge fund regulation, the move shows the hedge fund industry feels it must be more active in deciding the future shape of regulation.
