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A survey conducted by Kinetic Partners of over 90 senior figures in the asset management, banking and broking industries shows a lack of confidence in future structures for regulating financial services in the UK.
Nearly two-thirds (65 per cent) were not confident that the post-Financial Services Authority structures within the Bank of England will be better than the existing situation.
In addition, 57 per cent cited regulation, including the impact of different global standards, as being the greatest challenge to the asset management industry over the next three years.
Over 80 per cent of respondents believe that London will
Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index will post positive performance of 0.22 per cent in August, based on 70 per cent of assets in the index reporting.
This brings year-to-date performance to 2.46 per cent.
The industry outperformed global equity markets, as represented by the Dow Jones Global Index, which fell 3.62 per cent in August and is down 6.08 per cent year-to-date.
Managed futures hedge funds posted some of the highest performance in August, finishing up 4.96 per cent for the month. Trend followers posted gains from long fixed income positions in both short
Fitch Ratings says fund flows for credit asset managers have in general remained positive, as concerns about sovereign and bank debt and the economic outlook are balanced by generally sound corporate fundamentals.
"Despite an increase in investor risk aversion, inflows to credit funds have been positive. High yield and emerging market bond funds have seen particularly strong inflows," says Manuel Arrive, senior director in Fitch’s fund and asset manager rating group. "This reflects the attractiveness of carry returns in the current low yield, volatile environment."
In the third issue of its credit asset management quarterly newsletter, Fitch notes that
Formicary and Equinoxe Alternative Investment Services have launched a business solution called Hedge Fund in a Box, to give hedge funds with assets of less than USD1bn under management a stronger grasp of risk exposure and improved visibility with less administrative burden.
Hedge Fund in a Box aims to make it easier and more cost effective for hedge funds of this size to use sophisticated trading platforms to gain competitive advantage.
A full range of software solutions for front, middle and back office requirements is offered for any and all hedge fund strategies.
The full technology hosting means that
Ex-Mizuho Securities proprietary traders, Einoshin Arima and Giselle Leung,
Marc Fisher (pictured, ex-Citigroup) has been chosen to head up the Hong Kong office of London-based research specialist
London-based City Financial are tapping into Asia’s growth story by launching the Cayman Island-domiciled City Financial Asian Absolute Growth Fund.
Hong Kong-based FoHFs firm, MCP Asset Management, has acquired SPARX International (Hong Kong) Ltd, the local arm of SPAR
Latest figures by leading US research firm, Hedge Fund Research, show that August was yet another tough month for hedge f
The Association of the Luxembourg Fund Industry has appointed Ching Yng Choi as the head of its Asia office.
Claude Kremer, chairman of Alfi, says: “Luxembourg is a world leader in cross-border fund distribution and has a significant share of foreign funds registered for sale in Asia. The office is being established in Hong Kong in response to the continued strengthening of the Ucits brand in Asia, and it will help ALFI further develop valuable relationships with asset managers, regulators, fund associations and investors.”
Choi joins from MDO Services, the fund governance service provider, where she was a risk manager.
