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Hedge fund managers are crossing over into the traditional money management space of mutual funds, according to Schooner Investment Group.
Greg Levinson (pictured) of Schooner Investment Group did this in early 2008.
Levinson, a 15 year hedge fund veteran, launched the Schooner Growth and Income Fund with the intention of bringing more sophisticated investment strategies into a mutual fund framework.
The mutual fund structure has a lot of appeal to investors, offering daily liquidity, full transparency, management fee only pricing and little to no leverage.
Hedge funds offer sophisticated strategies, good risk management techniques, and a high talent pool to
The October edition of Hedgebay Trading’s monthly index has shown that the purchase of hedge fund assets is being driven by two prevailing sentiments among investors, creating a two-tier hedge fund market.
The Hedgebay Global Hedge Fund Secondary Market Index reveals a wide discrepancy between the highest and lowest prices at which secondary market users were willing to trade at.
The highest trade took place at NAV, the second time in the last three months that this watermark has been reached. This is symptomatic of confidence returning to some sections of the industry.
However, the number of trades occurring at
The Credit Suisse/Tremont Hedge Fund Index posted a slight gain of 0.13 per cent in October as market reversals muted performance.
This brings the year to date performance of the index to 15.11 per cent through 31 October 2009.
Dedicated short bias had the strongest performance in October, up 4.79 per cent, the sector’s first monthly gain since February.
Relative value strategies had a strong month, in part by implementing heavy equity hedges (convertible arbitrage), or by arbitraging changes in central bank policies such as the Reserve Bank of Australia’s benchmark rate hike (fixed income arbitrage and global macro).
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At the end of September Ifina organised seminars for industry professionals in Zurich and Frankfurt to highlight some of the key lessons to emerge from the events of the past 18 months.
In an environment in which investors are less willing to take the honesty, investment expertise and operational efficiency of fund managers at face value, the interaction and collaboration of independent service providers is more crucial than ever to maintaining the appeal of offshore funds to institutions and other sophisticated investors, according to speakers at recent seminars in Zurich and Frankfurt on the outlook and opportunities for the industry in the wake of the financial crisis of the past two years.
The seminars, organised by international fund administrator Ifina and featuring speakers from service providers including law firms, auditors, banks, brokers
One of the guiding principles that has made the BVI the globally respected financial centre it is today is partnership between the private and public sectors. A close spirit of collaboration has enabled the jurisdiction to the requirements of an ever-changing global financial services industry.
This partnership has been all the more crucial following 12 months that have rocked the foundations of the financial industry across the world. Offshore centres have come up against a growing storm of criticism and blame for the wider economic crisis – as opposed to the onshore centres where most of the problems actually arose.
The financial crisis and the Madoff scandal have subjected the fund industry to unprecedented scrutiny.
The economic meltdown of the past two years has seen unprecedented redemptions from funds and other investments and a rush to liquidity – bringing to light a string of scandals including frau
The offshore fund sector, from managers and their service providers to the world’s leading offshore domiciles, has not been left in disarray by the economic and financial crisis that began mo
For fund managers and promoters, banking and administration are key functions that impact directly on the day-to-day administration of the fund.
