Asset management
Hedge fund fees are in the spotlight
Costly strains
Banks hunt for asset-backed securities as liquidity swap market stagnates
Lloyds Bank one of a number sourcing assets from smaller institutions to meet demand from insurers
Insurers should stop using liquidity swaps - FSA
Companies should invest directly in long-term assets, says senior official
Hedge fund AUM hits $2.6 trillion in 2012
Hedge funds finished 2012 in positive territory, according to eVestment. Despite reports of investor dissatisfaction, performance contributed with $116.3 billion increasing overall AUM in 2012.
Cayman moves to tighten hedge fund corporate governance
The Cayman Islands Monetary Authority has begun a consultation on corporate governance of regulated hedge funds. The move should bring the financial centre closer in line with other jurisdictions.
Cheyne Capital continues to find opportunities and performance in five asset classes
Opportunistic collaborators
Overall hedge fund performance needs to remain positive to keep investor interest
Beginning again from the end
State regulators clash over US life reserving principles
The NAIC’s proposals for a principles-based approach to reserving for life products has largely been met with agreement from most US states. But with the New York and California state regulators dissenting, the NAIC has a fight on its hands before the…
Endowments question merits of hedge funds after negative returns in 2012
Hedge funds remain the single largest allocation for US university endowments but an extended period of lacklustre returns is leading some in the endowment community to question their value.
VA providers seek regulatory boost to products in Asia
Variable probabilities
CTAs are an inexpensive and effective tail hedge, says AHL
Momentous times
Flurry of deals as big asset managers target stakes in hedge funds
The past couple of months have seen six established hedge funds sell minority stakes to large fund managers, including Neuberger Berman and GAM
Hedge fund due diligence process considers myriad aspects of qualitative and quantitative factors
Attention to due diligence
China-focused hedge funds produce outstanding performance in 2012
China-focused hedge funds performed well in 2012 and tend to show significantly lower volatility compared with their equity benchmark. Event driven and special situation funds were a positive for 2012.
Insurers to chase liquidity premium in 2013 – BlackRock
Exposure to collateralised loan obligations, infrastructure finance and high-yielding bank loans set to increase
Turning points: Frédéric Lasserre, Belaco Capital
Recent years have seen an outflow of commodity derivatives talent from banks towards hedge funds and independent traders. This is the path trodden by Frédéric Lasserre, former head of Société Générale Corporate & Investment Banking’s commodity research…
Diapason launches hedge fund strategy playing energy arbitrage opportunities in liquid futures
Independent commodity asset manager Diapason Commodities Management is launching a hedge fund trading spreads between commodity future contracts using a proprietary model of the refining industry.
Eiffel Credit Opportunities: Eiffel Investment Group
Eiffel capitalises on catalysts in European credit through long/short hedge fund
Insurers to target export finance loans as banks withdraw
Sovereign-guaranteed loans provide yield boost for insurers
Ex-Citadel managing director's structured credit hedge fund secures seed deal
Grosvenor Capital Management has committed $85 million in seed capital for a structured credit hedge fund started by a group of former Citadel executives.
