Funds Hub

Money managers under the microscope

The morgue after Christmas

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- Around this Christmastide banks will begin to take a strict approach to companies running out of money, according to Simon Davies, managing director of The Blackstone Group.  

 

 

He said at the Reuters Restructuring Summit in London that by the end of the year banks will issue “in patient”, “out patient” or “morgue” judgements as they go about the business to decide who gets much needed loans and who does not.

Watch hedge fund manager Colin McLean give his market outlook

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McLean was speaking today at London leg of the Reuters Hedge Fund and Private Equity Summit.

An unpleasant prospect

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rtxd578There’s no shortage of ill will towards bankers at the moment.

But some executives in the private equity and hedge funds industries feel they are getting beaten with the same stick by politicians and the public, despite feeling relatively blameless in this crisis.

BC Partners managing partner Andrew Newington, speaking at the Reuters Hedge Fund & Private Equity Summit in London today, explained.

$3 trillion of hedge fund talent? “Absolute nonsense!”

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The once-booming hedge fund industry has shrunk rapidly over the past 9 months to roughly $1-$1.4 trillion, as investors have pulled out their cash following some pretty lacklustre returns.

kfd05However, according to Mark Kary, chief executive of Polar Capital, the industry never really deserved to have grown to the best part of $3 trillion in the first place.

Hope springs eternal – time to plant a hedge?

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By Alexander Smith

 

If redemptions are getting the better of you and you thought your industry was about to disappear, you may be amazed to hear there are still those wanting to start their own hedge funds.

rtx5napAn email from Financial Technologies Forum LLC brings news of a new course in New York next month giving you everything you need to get going.

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