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The Shrinkage of Hedge Fund Seeding Capital

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I have written in the past (http://simonkerrhfblog.blogspot.com/2009/11/gathering-assets-still-difficult-for.html , http://simonkerrhfblog.blogspot.com/2010/01/excess-supply-of-emerging-managers-to.html ) that my expectation is that emerging manager hedge funds will find raising capital difficult. Part of the reason for this view is the shrinkage of seeding capital providers. Infovest21 is the source for this overviewing of the status quo in hedge fund seeding: The size of […] Read more »

HF Counterparties: Collateral Arbitrage Benefitting Banks with Large OTC Books

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Following up the posting on investment bank rehypothecation of their clients’ assets (http://simonkerrhfblog.blogspot.com/2010/01/rehypothecation-banks-and-hedge-funds.html), there is a great story today on Bloomberg. It highlights further changes in the balance of power in the relationships between hedge funds and the prime brokerage operations of investment banks. By Michael J. Moore and Christine Harper March 15 (Bloomberg) — […] Read more »

Tosca Fund and Abaco Financials – Return Outcomes versus Portfolio Construction and Alpha Type

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By Simon Kerr     Preface The following discussion and analysis looks at two equity hedge funds that specialise in the financial sector. Naturally the sector was stressed as the nexus of the Credit Crunch, and the dislocations within the sector have created gross opportunities which have been taken advantage of by both the funds covered here. […] Read more »

Returns, Rehypothecation, Banks and Hedge Funds

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In a presentation written in May last year Manmohan Singh, a Senior Economist in the Financial Sector Analysis Division of the IMF gathered some interesting data about rehypothecation amongst what he termed “international banks”. Rehypothecation is the ability of a prime broker to use client assets posted as collateral to that prime broker for the […] Read more »

A Creative Way to Build a Hedge Fund Brand Name – Broadwalk Asset Management

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By Simon Kerr, Publisher of Hedge Fund Insight I was listening to trader trainer Michael Martin interview Jim Rogers on his excellent website (http://martinkronicle.com/), and I heard Jimmy Rogers say that investors should stay with what they know and are interested in. In working with portfolio managers I often ask them which sectors or types […] Read more »

Ari Kiev and the Trader Trainers

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By Simon Kerr, Publisher of HFI I’m sad to record that Ari Kiev died this week – you can find an obituary in The New York Times. Ari Kiev was a psychiatrist with interests in several areas including depression and suicide. He applied his knowledge and techniques to new fields including working with top tier […] Read more »