Hedge Funds Review - 2003-04-17
Articles in this issue
Across the channel
JPMF tries to meet continental demand for market portfolios with its latest fund offering
Investec follows Star series success with Series II FOHFs
new multi-manager fund aims for 5%-8% annual returns
From dawnay to dusk
The manager of Dawnay Day's Olympia Global Hedge fund has worked hard to keep the strategies similar to the Olympia Star fund
Iraqi conflict leads to withdrawal of capital from US hedge funds
US-based funds have seen liquidity dry up as Middle Eastern investors make their voices heard
Industry failures could be avoided, says Capco study
due diligence should concentrate on back-office systems
Small and mid-cap technology stocks are not participating in bear squeezes
Outlook remains bearish for beleagured sector, although select opportunities do exist
Making it in marketing
The law on promoting hedge funds differs between countries, so managers must be aware of discrepancies
Weighing up the credit risks
As the interest in credit derivatives grows, we unravel some of the technical applications of such products
Grow and Sell
As Jersey moves to expand its hedge fund industry, new regulation will allow the jurisdiction to compete better with other offshore centres
UK pension funds are favouring private equities funds, says JPMF
Investment in hedge funds is low but interest is rising slowly
European M&A activities still look unpromising in economic climate
Distressed securities are being favoured as stock market heads out of present bear phase
Time to review your systems?
There is a wide choice of products now available specifically targeted at the hedge fund sector
Soros to implement collateral management trade solutions
Algo Collateral system to provide derivative margining
Maintain the flow
Hedge fund of fund managers wishing to use capital guaranteed products will need to keep a close eye on their portfolio's liquidity
Band of brothers
Some companies are assessing the need to share pooled information to manage clients more effectively, but the idea is unlikely to be welcomed by hedge funds
Contagion and volatility reduction contribute to change in regions
Asia has seen a long-term change, thanks to new investor ambitions
Working in tandem
The insitutionalisation of the hedge fund industry has strengthened administrators' guiding principle ' to provide an honest interface between fund and investor
Boston Equity fund aims for soft close target of £500m in assets
Amex plans additions with new experienced managers
FSA's decision not to relax marketing rules for retail investors disappoints
open-ended retail hedge funds still not FSA authorised
Large fund of fund managers dominating hedge fund industry
competition among managers could spiral out of control
High volatility in market leads to huge movements on DAX
The war in Iraq has seen liquidity cut to untradable levels with managed futures and CTAs under great pressure
Growing potential
Products that are compliant with Islamic law have the power to break into a market where the western world can reap the benefits