Money managers under the microscope
Next Monday sees the start of our 3-day Reuters Hedge Fund & Private Equity Summit, in London, New York and Hong Kong.
We have a great range of high-profile speakers this year, who will address issues such as the industry’s recovery, the investment outlook in 2010 after a year of rising markets, and impending regulation.
Watch out on the Reuters wire, the website and of course Hedge Hub for all the latest news and opinions.
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.
It’s hard enough for fund firms to get investors to put money into markets when stocks are so volatile, but it seems they’re also still having to wrestle with the bad publicity from U.S. financier Bernard Madoff’s giant fraud.
Ashraf Mohamed, portfolio manager and head of Islamic funds at investment firm Stanlib in South Africa, told the London leg of the Reuters Islamic Banking and Finance Summit that investors are still nervous of another Madoff.
After months of rhetoric by political leaders and behind-the-scenes manoeuvring by trade bodies, the hedge fund industry is finally set to learn its regulatory fate today.