Hedge Funds Review - 2003-01-20
Articles in this issue
Uncertain Latin America adds to current difficulties for year ahead
Brazil's economy is not growing, making its situation unsustainable
Finding the right balance
Rebalancing hedge fund of fund portfolios for optimal performance in a treacherous bear market poses difficulties
A difficult 2002 creates smaller, stronger market
fall-out from 2002 has good and bad repurcussions for 2003
A global macro renaissance is focusing on risk controls
The success of new entrants to the market will be led by their risk controls
The secret to success
After a slow start, ETFs have rapidly taken off and provide great value to institutional users as an alternative way to equitise cash
A changing environment
After a difficult 2002, managers are turning to long/short strategies for success in 2003
EU merger regulation will soon fall in line with US
Limited M&A activity has lead to reduction in portfolio holdings
Brave new world
There are many opportunities for hedge fund managers seeking to exploit corporate restructuring in Eastern Europe
EVENTS
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Facing the Quest
With returns of 8.22% in the past year, Collins Stewart's strict portfolio decisions are made through its own ranking system
Long-term tech gains to be had due to untapped global markets
Expansion is inevitable, according to some fund managers
Shariah Funds Inc introduces the first Islamic hedge fund aided by scholars
Islamic hedge fund market could be worth trillions in assets under managemenT
Euro and US fund managers are level, says JP Morgan
89% of respondents believe the greatest risk today is deflation
Tighter controls
The FSA has strict rules governing retail funds to ensure investors understand exactly what they are buying. Could such regulation stretch to non-retail funds?
BDT launches first hedge fund and targets Japanese equities
long/short fund to be managed by calender and dobson
A fund experience
The introduction of the EIF has resulted in a considerable rise in the number of Isle of Man-domiciled hedge funds
Capital protection structures squeeze managers' portfolios
fund of fund managers are limited by daily pricing structures
Nine out of 10 long/short hedge funds fall below their watermark
CSFB/Tremont survey spells bad news for industry as most hedge funds, globally, show big shortfalls
Technology platform allows outsourcing of IT functions
hemisphere adds software range to its tech services
Knowing when the price is right
Volatile markets have led to a change in risk procedures, with VaR and manager-led stop/loss strategies being favoured over automated controls
Bottom to top
The Amex European Equity Market Neutral Fund battles with volatile and irrational markets to achieve returns of Libor plus 4% to 8%
China to hit unregulated hedge fund black market
Government to take action against underground funds
Pensions should diversify into alternatives, says Watson Wyatt
asset classes like emerging debt offer opportunities
Talent spotting
With the competition growing within the markets, looking for experienced salespeople is proving difficult
