Government intervention in the foreign exchange markets has made life difficult for currency traders but the asset class continues to offer significant diversification benefits for investors.
In an uncertain world, convertible bond arbitrage has much to offer in downside protection and potential upside. Greater volatility increases the opportunity set for this strategy to create value.
As hedge funds become increasing institutionalised, succession planning is seen as a key risk factor by investors focused on how management changes could impact performance over the long term.
More Features/Hedge Funds articles
Increased regulation, particularly in Europe, is likely to force more managers to consider onshore, regulated hedge fund structures but the Cayman products remain the most popular with investors.
Crispin Odey, founder of Odey Asset Management, fears for Europe’s economic future but believes if volatility can be tamed, he can give investors solid returns this year. He sees value in US stocks.
Simon Ruddick of Albourne Partners is adamant the hedge fund industry needs to take institutional investor demands for better transparency and operational infrastructure seriously in order to thrive.
The latest developments in the eurozone have sent markets into panic mode. Hedge funds have reduced exposure to Europe. However, they are also confident there are opportunities in undervalued assets.
Risk-on/risk-off attitudes persist among investors ready to accept negative real returns on safe havens while paying abnormally high risk premiums. Markets continue to be dominated by policy issues.
Possible economic disaster has led to a proliferation of tail risk strategies giving investors more ways to protect against extreme events. A diversified approach to tail risk could yield best results.
Hubert Keller, managing partner, asset management, at Lombard Odier Investment Managers says investors are making fundamental changes in the way they approach portfolio and hedge fund allocations.
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
Hong Kong, 1st - 31st Dec 2014
UK, 18th Mar 2015
Australia, 12th - 13th Aug 2014
Australia, 14th Aug 2014
USA, 20th - 21st Aug 2014