David Harding There has been a lot of comment in the hedge fund industry on the asset gathering of Winton Capital this year. David Harding’s firm has attracted inflows of over $7bn in 2011, which equates to over 10% of the whole industry’s capital inflows. This is a remarkable market share of the growth for […] Read more »
Hedge Funds Positioning to Benefit from Euro Banks Spitting out Assets
“The Economist” (19th November 2011 edition) has just written about the market for assets being spat out of European banks. The article is reproduced below. For my part I see the market for leveraged loans in Europe becoming very attractive to buyers who know how to be selective, with, unlike the bank asset story, an […] Read more »
Through the Lag – Europe’s Leading Hedge Funds Add Investment Staff
>One of the ways of looking at the health of a hedge fund business is in staffing levels. Like many other businesses in finance hedge funds cut back on headcount in late 2008 and into 2009, and the cutbacks in London based hedge funds continued into 2010 (see this article for data on last year). […] Read more »
Risk Managers are the Social Workers of Asset Management?
Recent research has shown that in the UK 86% of youth workers/social workers time is spent in completing forms for reporting, and in attending meetings about clients and how the services are run. Only 14% of time is spent with clients. This skewed sense of priorities came to mind when I read the 2011 Risk […] Read more »
Book Review for "The Inner Voice of Trading"
By Simon Kerr A successful trader or investor in financial markets succeeds through a combination of factors. There is the “what they know” part; there is the trading format the trader or investors uses; and there is the less well explored element in the mix – the “other” of the trader besides technical/factual knowledge. Michael […] Read more »
Chart of the Day – Extremely High Correlation of Stocks – Implications for Hedge Funds
I’m doing some work on risk measurement/management at a hedge fund management company. The investment strategy of the hedge fund is long/short equity. Most of the work revolves around measurements at the portfolio level, and the aim of measuring and controlling risk is to produce steady returns for investors. This is only possible on a […] Read more »
Truly Knowing the Family Office Client is Hedge Fund Marketers’ Most Important Challenge Now
Family offices are viewed as having a series of advantages as investors in hedge funds: Family offices tend to have long-term investment horizons. They tend to want to live with decisions for some time – as a source of “sticky money” they won’t flip a multi-year investment proposition after a couple of bad quarters. The […] Read more »
A State Pension Plan Hedge Fund Mandate – It Takes a While
American investing institutions are the dominant source of capital for the hedge fund industry. It is important to understand how and why they act. The Wyoming Retirement System just announced who would be managing its assets for its first hedge fund allocations. The winners of the mandates are not surprising, but here the focus is […] Read more »
PODCAST FIVE – Sources and Types of Investor Demand As Seen by Third Party Marketers
Two 3PMs (James Palmer and Jonathan Lee) discuss the state of the industry with Simon Kerr. Clicking on the link will open a page containing the sound file – download (mp3 format) or play in your browser. The use of a graphic equaliser will probably help the listening experience. PART ONE (19.25) Introduction to speakers […] Read more »
Syz’s Altin Zigs When Others Zag
ALTIN AG (LSE:AIA) (SWX:ALTN), the Swiss alternative investment company listed on the London and Swiss stock exchanges, discloses quarterly its entire hedge fund portfolio holdings as part of its policy of full transparency to investors initiated in 2009. Looking at the strategy allocation shifts of the fund of funds managed by Banque Syz makes an […] Read more »