Latest News
The hedge fund tide that once floated all boats threatened to sink them last year.
The notion put about 18 months ago that the hedge fund industry would change radically in the wake of the financial crisis has, little by little, taken on real substance.
After taking a beating in 2008, the global hedge fund industry has achieved an impressive comeback.
Commissions paid by institutional investors to brokers on trades of US equities are falling far short of projections to this point in 2010.
The results of Greenwich Associates’ latest US Equity Investors Study reveal that the amount of brokerage commissions paid by US institutions on trades of domestic equities decreased 13 per cent to an estimated USD12.1bn from Q1 2009 to Q1 2010.
Despite that falloff, US institutions entered this year predicting that commission payments would surge in calendar year 2010 in step with expected strength in both stock market performance and trading volume.
Buy-side traders at US institutions projected
New York City based hedge fund manager Buckingham Capital Management is providing access to its two flagship hedge fund strategies, with USD1.38bn in total assets under management, through Innocap’s Managed Account Platform.
The Innocap platform was designed for leveraging National Bank of Canada’s managed account expertise developed since 1996.
Buckingham will also be using the placement agent services of NBF International, the Geneva based subsidiary of National Bank of Canada, which has been providing financial services to institutional investors in Europe for the past 50 years.
Buckingham Capital Management has been managing two US long/short equity strategies: the Buckingham RAF
At a time of high market volatility, the latest consultation by the Committee of European Securities Regulators (CESR), which closed on 31May 2010, would allow UCITS funds to be twice as risky as the riskiest equity markets, says Peter Ainsworth (pictured), Managing Director of EM Applications, a supplier of investment risk solutions to asset managers and securities firms.
These new rules pose significant risks for investors and could severely damage the reputation of UCITS funds, a globally trusted regime. Furthermore, the range of Value at Risk (VaR) calculated during a year will be at odds with the risk figure published
Julian Thompson (pictured), Head of Emerging Market Equities at Threadneedle Asset Management, outlines his emerging market equity outlook for Brazil.
A recent trip to Brazil confirmed that the “land of the future” is presently booming. Brazil has consistently failed to live up to its promise in previous cycles, with every boom quickly leading to an even deeper bust. However, since 2003, Brazil has been on a virtuous path of debt reduction as the trade surplus generated from selling commodities such as iron ore and soybeans, mostly to China, has been used to build up reserves and reduce the country’s reliance
Members of the International Capital Market Association favour end of day publication of trading prices, a survey has found.
The members were asked for their views on post trade transparency – i.e. the availability of prices on trades in corporate bonds that have been done between two counterparties directly rather than on an exchange.
Asked at what point, post trade, prices should be published, respondents indicated strongly (57 per cent) that end of day pricing was ideal with a strong preference for high/low/median end of day prices rather than actual or aggregate trade prices.
Most respondents (77 per cent) also
