From Hedge Fund Research Total capital invested in the global hedge fund industry surged to a fifth consecutive quarterly record in 3Q13, driven by the highest inflows in over 2 years and eclipsing another milestone of industry expansion. Hedge fund capital rose to $2.51 trillion in 3Q13, an increase of $94 billion over the prior […] Read more »
Brand Building Opportunities for Hedge Funds with the NextGen of Family Wealth
From StreetID Now that hedge funds are allowed to market their businesses, many are wondering when the first hedge fund commercial will appear on television. April Rudin, a financial services marketing strategist and digital media expert, believes that hedge fund marketing is more than a 30-second spot on CNBC. When talking to fund managers during a […] Read more »
The Month in European High Yield
By Henry Craik-White, Senior Investment Analyst at ECM September was a strong month for the European high yield market. The Barclays European high yield index, ex financials, returned +1.1%, leaving YTD returns at +5.2%. The top performing sectors in September were telecommunications, consumer services and retailers, recording total returns of +2.0%, +1.8% and +1.6% respectively. At […] Read more »
What Has Been Troubling Emerging Markets? Schroders’ Allan Conway Comments
By Allan Conway, Head of Emerging Market Equities at Schroders Why have emerging markets underperformed? Why have GEMs underperformed? It is probably fair to say that many investors accept that the long-term structural case for emerging markets remains intact. Superior economic growth driven by favourable demographic trends and strong balance sheets means the centre of […] Read more »
Decline in Fee Rates at Ashmore Concerns Sell-Side Analyst
By Jonathan Goslin, analyst at Edison Investment Research Although Ashmore Group recorded 22% growth in net AUM inflows during the year, net management fee revenues increased only 4% due to continued declines in management fees. However, continued investment outperformance across the majority of funds at the specialist Emerging Markets investment manager helped drive a 31% […] Read more »
A Surfeit of Copper To Pressure Prices Further Says Spotlight’s Pope
By Stephen Pope, Managing Partner Spotlight Ideas C21 saw significant mine capacity increases. Copper in excess supply. Price will decline; target USD2.88 / lb. There is a surfeit in the copper market. As at midday on September 3rd 2013 copper traded at USD3.278 / lb a rise of 8.01% off the local low of USD3.035 […] Read more »
Momentum in Asset Growth is Vital in Successfully Raising Hedge Fund Assets
By Donald A. Steinbrugge, CFA, Managing Partner Agecroft Partners Many small to mid-sized hedge funds become frustrated because their firm’s assets under management are not growing and they believe the market is biased against them based on their asset size. They are constantly hearing that a majority of assets are flowing to the largest hedge […] Read more »
Goldmans Better Tactical Traders Of Gold Than Paulson
By Hedge Fund Insight staff There is no doubt that the role of gold for hedge fund managers can be seen in the context of monetary policy, and specifically US monetary policy. Indeed this site has carried a number of gold-related articles in which the phrase “fiat money” has featured strongly. Although Eric Sprott could […] Read more »
FACTA and AIFMD Constraining Smaller Hedge Fund Manager Growth
By Peter Douglas, GFIA We recently were asked to source a shortlist of established, differentiated, Asian boutique hedge funds, for a distribution company. The deal between the distribution company and the funds, if concluded, would be that the distribution company would make introductions to European institutions, in return for a fee share. We anticipated that […] Read more »
European Loan Market Comment
By Alex Woolrich, Portfolio Manager at ECM The European loan market has seen limited activity this week as the late summer lull continues, with no new loan deals launched and the secondary market seeing little volume. Market participants awaited Wednesday’s FOMC meeting minutes for indications of when tapering of Fed QE purchases might begin, but […] Read more »