By Hedge Fund Insight staff As Sovereign Wealth Funds (SWFs) have grown in number and AUM they have become more significant to the hedge fund industry. According to data from Preqin, assets managed by SWFs are up 76% in the last 5 years as existing funds have grown, and new funds have been formed. Total […] Read more »
Acceleration in Downtrend for Funds of Hedge Funds
By Simon Kerr, Publisher of Hedge Fund Insight Eurekahedge has just published its annual review of funds of hedge funds. It is difficult to find any good news in it. The divergence of the paths since the Credit Crunch of the single manager and multi-manager hedge fund businesses is well known, and is reflected in […] Read more »
Altin Drops Comac for Tudor and Stone Milliner and Adds to CTA Exposure Through Bluetrend
By Hedge Fund Insight staff The fall in assets at Comac and the subsequent layoffs have been publicly visible for a while. Drawdowns of record length at CTAs are also well recorded. But that does not mean that investors in hedge funds have given up on the global macro and quantitative Commodity Trading Advisors. Alternative Asset […] Read more »
Factoids on Funds of Hedge Funds
NOTES ON BUBBLES: 1. Net return gaps 330 bps (5-year), 210 bps (3-year), 160 bps (1-year). FoHFs offer lower volatility than single managers (lower standard deviation) and their correlation to broad indices on a 1-, 3- and 5-year basis is lower than single managers. 2. The traditional 1 & 10 fee model is no longer […] Read more »
PODCAST With London’s Hilltop Fund Management
In this podcast with Rory Hills of Hilltop Fund Management HFI Publisher Simon Kerr goes into what it is that makes Hilltop different as a fund of hedge funds management company. The London-based firm has produced some competitive returns during its short life. The monthly returns of the flagship Hilltop Core Select Fund are […] Read more »
Chart Of The Day – Hedge Funds & The Largest 200 US Pension Funds
Growth of DB Pension Fund Assets in Hedge Funds Source: Pensions & Investments, Among the top 200 funds; assets are in billions for years ended Sept. 30. Investment in hedge funds among the 200 largest U.S. retirement funds jumped 20.3% to $134.7 billion in total hedge fund and hedge funds-of-funds in the year ended Sept. […] Read more »
Fund of Hedge Fund Takeovers – Bursting a Dam or Turning a Tap?
By Simon Kerr, Principal, Enhance Consulting and Publisher of “Hedge Fund Insight” For seven or eight years we have been told that a wave of M&A was about to roll over the fund of hedge funds sector. There have been different reasons over that period, they all pointed towards consolidation, but somehow it has […] Read more »
IAM Gets Less Defensive
By Morten Spenner, CEO of International Asset Management (IAM) Here are our forward-looking investment views looking into 2013. Market context – more constructive on the market environment Overall, we continue to observe a global economy which is recovering and with investor sentiment increasingly reflecting this. The most noteworthy recent developments have been the effective […] Read more »
Closure Rate of Funds of Hedge Funds Up
According to HFR, investors continued to withdraw capital from Fund of Hedge Funds, which experienced $4.4 billion in 3Q outflows, the 6th consecutive quarter of outflows. Total capital invested in Fund of Funds increased to $635 billion, as the HFRI Fund of Funds Composite Index gained +2.4 percent for the quarter. The HFRI Fund of Funds […] Read more »
Co-Opting Marketing Resources for Hedge Funds – Part Two
Preqin – Building On A Database The previous and following articles in this series cover lead generator companies in the hedge fund business who make great efforts to explain that they are not database companies. Preqin is a database company that is trying to add some value beyond that restrictive label, so is […] Read more »