Hedge Funds Review - 2003-03-17
Articles in this issue
Funds in the sun
Financial investment has sculptured the landscape in the Bahamas and it is now home to more than 750 regulated funds
Low issuance is fly in ointment for convertible arbitrage sector
Although there are fewer opportunities for arb funds, the coming months still look positive
Townsend opens up London office to service Euro market
Townsend to market flagship software to euro clients
Hedge funds are a haven for fraud, says detection agency
serial defrauding has become more commonplace in industry
Investec's retail hedge fund is held back by Hong Kong
Hk's authorisation rules have proved a stumbling block
Derivatives come under fire from hedge product experts
warren buffett calls for better research into instruments
Caution is key as the number of profit warnings increases
Current environment offers shorting opportunities but little on the long side
Quality control
There has been a rapid increase in the choice of administrators available to hedge fund managers recently, but many managers struggle to identify the best possible deal. Assessing 'fiduciary risk' may hold the key
Vega AM uses its global macro experience to launch two funds
Vega uses business cycle analysis to allocate capital to themes
Decisions, decisions
The right technology system for your hedge fund start-up is crucial if you want stay ahead
Ex-Merrill Lynch team sets up a Mako market neutral fund
four-strong mako team aims to deliver 10%-15% returns
Selling the message
While the issue of advertising remains contentious, hedge fund managers cannot afford to ignore the marketing of their funds altogether
Tremont hedge funds experience record long/short capital outflow
Q4 2002 capital outflow balanced by annual net inflows
Positive performers
The inclusion of a convertible arbitrage hedge fund strategy in a well-diversified alternative assets portfolio makes sense, especially in the current climate
Parkway plans merger and loses Ian McVeigh to long-only world
McVeigh leaves Parkway for Jupiter as the company prepares to merge with Real Return Holdings
Looking at the alternative
Hedge funds are a perfect investment for with-profits funds, with their aim of offering smoothed investment returns. The challenge for hedge fund managers is getting noticed by the life offices which manage them
Talent always bounces back
The hedge fund bubble sustained even the mediocre players, but now it has burst only the most skilled will survive
Complementary pairing
The managers of Gartmore's AlphaGen Avior Fund run it alongside a long-only UK unit trust, but this is to neither funds' detriment
A tighter reign
The SEC, America's market regulator, is set to introduce regulations which could transform the way hedge funds with a US connection do business
Opportunities arise in debt as more companies face spectre of insolvency
The present global economy is boosting the distressed debt market
