From Activism Monthly Premium (July 2014 edition) When Shinzo Abe became Prime Minister of Japan in 2012, investor sentiment began to warm to a country long known for its overvaluations and prickly corporate governance. This year, the government drew Abe’s ‘third arrow’—corporate reform—from its quiver and let loose. Opinion is divided on whether the […] Read more »
Recent Setback In High Yield Was Technically Driven
By Dan Doyle, Portfolio Manager of Non-Investment Grade Credit at Neuberger Berman The U.S. high yield market’s decline in July was its first setback in nearly a year. Could this be a sign of continued weakness or merely a correction? We believe continued strong fundamentals could point to a short-term sell-off and a fairly […] Read more »
Writing A Hedge Fund Marketing Plan
By Kyle Dunn, President and CEO of Meyler Capital I offer the following in my attempt to help you think differently about the process of raising capital, which undoubtedly, some of you are already executing extremely well. But I suspect that a great deal of professionals in our industry are creating a PowerPoint deck […] Read more »
Big Changes For Hedge Funds In Management Of Counterparties & Collateral Seen By Citi
By Citi Investor Services This article gives the key findings from Part 2 of “The 2014 Citi Investor Services 5th Annual Industry Evolution Report”. The factors driving change in the hedge fund industry are shifting. For the five years since the Global Financial Crisis, major industry evolution occurred primarily in response to a […] Read more »
10 Ways Hedge Fund Managers Can Improve Their Research Using The Web
From Eagle Alpha This is only the beginning for Wall Street leveraging the web. The best advances are yet to come and it will be innovative buyside firms who will be leveraging the web in the most interesting ways. Some use cases: 1. Analysis of Foursquare Data to Predict Sales Analyzing data from […] Read more »
Jana Partners Uses Options To Manage Exposure To PetSmart
By Alex Gavrish, Etalon Investment Research; author of “Wall Street Back To Basics” With activist investors more active than ever, more and more attention is being paid by investors to the investments they make. Publicity often reduces hedge funds maneuverability and ability to trade positions quickly. Fund managers have to work with this restriction […] Read more »
Hedge Fund Managers Increase Gross Investment Levels According To GAM
From Global Asset Management Asset prices rallied in June across equities, bonds, credit and most commodities. Hedge funds performed positively with the HFRX Global Hedge Fund index up 0.9% for the month and each of the four main hedge fund strategies also posting gains, as measured by the respective HFRX strategy indices in US dollar […] Read more »
Seven Things To Do To Improve Hedge Fund Marketing Material
By Chris Nutt, founding partner of Investor Communications Sometimes it can be difficult to express your thoughts clearly in writing, particularly if you are pressed for time. Yet precise written communications are essential for all hedge fund managers seeking to build a professional reputation and raise capital. When your presentations, factsheets, performance updates […] Read more »
Tom Sandell: Everything International
By Josh Black, Editor of Activism Monthly Premium For Thomas Sandell, the media interest in his fund’s campaign at FirstGroup was somewhat unexpected. “We were a little bit surprised by the volume of publicity,” admits the Swedish-born, US-based investor. But more disturbing to Sandell was the lack of understanding of his plans from Fleet […] Read more »
The New Rules For Distribution of Funds in Switzerland
Anne-Cathrine Frogg Spadola, Partner at Hugo Fund Services SA The main changes following the revision of the Swiss Law with a focus on distribution targeting qualified investors The Swiss law on Collective Investment Schemes (CISA) has been revised and came into effect in March 2013. The objective of this revision was to adapt […] Read more »