By Simon Gray – Hedge fund managers may have long been reluctant to provide access to their services through managed accounts, but they are grateful to them now. With total assets in single-manager funds growing steadily past USD2trn, according to HFR, in the process leaving behind the previous high water mark from the second quarter of 2008, managed accounts represent a growing proportion of capital invested in the industry, even if assessing the precise level is a somewhat inexact science. A much-quoted survey of the US hedge fund industry by capital markets research and consulting firm Tabb Group, published in

Stefan Keller, head of MAP research & external relations at Lyxor AM, looks at how emerging markets are showing emancipation in terms of both fiscal policy and economic growth… In recent months, we have registered structural and cyclical motivations to increase exposure to Emerging Markets. Assets under Management of Emerging Market related Hedge funds on the Lyxor Managed Account Platform (MAP) have risen by more than 60% over the last 15 months. The secular growth story of Emerging Markets has been known to investors for more than a decade given the rise in the labour force, capital accumulation and progress

By Robert C Pozen – When the world’s largest financial institutions had to be rescued from insolvency in 2008 by massive injections of governmental assistance, many blamed corporate boards for a lack of oversight. This was a problem we had supposedly solved nearly a decade ago, when blatant failures of corporate governance (remember Enron?) prompted Congress to pass the Sarbanes-Oxley Act. The new rules had seemed promising. The majority of a board’s directors had to be independent, which would, in theory, better protect shareholders. Senior executives were required to conduct annual assessments of their internal controls for review by external

RBC Capital Markets today reported that for the month of April 2011 the RBC Hedge 250 Index had a net return of 0.94 per cent. This brings the year-to-date return of the index to 2.62 per cent. These returns are estimated and will be finalised by the middle of next month. The return for March 2011 has been finalised at -0.31 per cent. The RBC Hedge 250 Index is a non-investable benchmark of the performance of the hedge fund industry. The index operates in accordance with a unique construction methodology. The universe on which the Index is based currently consists