Funds Hub
Money managers under the microscope
Morning Line-Up: 2010 returns, expert networks, ETFs
News and views on the asset management industry from Reuters and elsewhere:
Hedge funds offered weak returns in 2010 – Reuters
Hedge fund scandal shakes expert network industry – International Business Times
ETFs try to outdo money funds – WSJ
from Reuters Investigates:
Morbid money-spinners
If the life settlements market seems ghoulish, here’s a British scandal which isn’t doing the image of the business any favours. It’s one of the worst the country’s seen.
Around 30,000 mainly elderly investors in the UK put their money into a company called Keydata, hoping to make a little extra cash to fund their own retirement with the promise of a healthy return.
It just gets worse for funds of hedge funds
Funds of hedge funds are taking a greater share of the pain in the industry’s downturn.
Even as overall outflows from hedge funds slow, redemptions from fund of hedge funds are accelerating.
Staying positive
There seems to be an endless wave of bad news hitting the hedge fund industry at the moment — gates and suspensions, record poor performance, the Bernard Madoff scandal and so forth – but there are still one or two reasons to be positive.
According to a survey of institutional investors by alternative assets data group Preqin, conducted in January (and therefore after the alleged Madoff fraud came to light), only 8 percent said they were no longer confident about hedge funds and would reduce investments.
