Hedge Funds Review - 2003-07-31
Articles in this issue
Cash by nature
Fund managers have been adopting the strategy of using cash as a safe haven
Winning both ways
Two years ago, Mulvaney Capital took a risk by looking for a new investor, but the relaunch has proved fruitful
Evolving credit
The flexibility of credit default swaps makes them an invaluable tool for arbitrage, speculation or hedging products
Weaker trends in late June force funds to retrace gains
The improving economy has resulted in liquidations in fixed income and currency markets
Fundamentals adopted by tech after sentiment rally
Specialist equity funds are being launched to target sophisticated investors
Institutions shun absolute returns
PENSION FUNDS AND INSURANCE COMPANIES REMAIN CAUTIOUS
Judicious Mauritius
Following the introduction of offshore legislation in 1992, Mauritius has emerged as an attractive funds jurisdiction
Indexed product providers under attack from hedge fund managers
Fund managers question whether indices are representative of returns from hedge fund universe
Counting the costs
Starting up a hedge fund and establishing yourself as a manager should not be taken lightly and there are many issues that need to be considered
Macro finds favour
Merger arbitrage is proving popular while European long/short's outlook is poor
Embracing change
Hybrid funds that invest across a broad range of different assets are growing, along with the need for fixed income prime broking teams
Gaining true insight
Hedge fund transparency is a hot topic that is dividing fund managers from their investors
Keeping up with demand
Gartmore is lining up a series of launches and considering distributing third party products
Funds of hedge funds face threat under new German law proposals
AMENDMENTS TO INVESTMENT LAW RECEIVE MIXED RESPONSE
Uses and abuses
Derivatives can come in handy for more than just a liquidity stream in tough times
Credit where credit's due
In an industry filled with salespeople and marketers, hedge fund investors are increasingly turning to independent fund ratings agencies to differentiate between products.
New database to match credit derivative names
2,000 names will be made available for greater transparency
Making waves
With returns of 88.74% since inception, IAM's Alternative Investment Strategies fund of hedge funds is keeping its investors happy
Commercial risk prohibits managers revealing shorts
regulators must accept lower transparency on short side
Renewed merger activity provides greater choice
The rise in equity markets has created new funding options for takeovers
Eastern European stocks excel in illiquid markets
The boom and bust reputation of emerging markets is slowly disappearing
Gartmore sets its business plan in action with credit hedge fund
New credit fund has greater capacity than previous funds