Hedge Funds Review - July/August 2015
Articles in this issue
Esma's proposed AIF segregation will destroy liquidity
Tri-party collateral management "impossible" under AIFMD guidelines
FCA survey finds high levels of leverage in hedge fund sector
Gross notional exposure to interest rate and forex derivatives on the rise
AHL spies futures in China rebar, iron ore and polymers
Hedge fund puts algorithms to work in new liquid futures and OTC markets
Hedge fund managers still human, research finds
Funds fall victim to IPO hype and behavioural biases affecting traders
Liquidity-at-risk sees 'intriguing' similarity in stock profiles
Apple and WD-40 Company liquidity remarkably similar over 10 years
Trade repository data quality to impact Mifir and Emir review
Regulators bemoan poor data quality from trade repositories impacts policy implementation
Investors unwise to rely on side-letter transacted with manager
Caymans court: question manager's authority and letter’s interaction with fund constitution
Emerging markets domestic focus rewards Aperios
But fund not envisaged to grow larger than $500 million
Family offices need professionals, says PHF Capital's Fletcher
Investment veteran decries managers who aren't ‘real investment professionals'
Long/short equity sees $7.5 billion net inflows over 12 months
But strategy also experiences net redemptions in Q1 2015 of nearly $2 billion
Unregulated Israel hedge funds face battle for AIFMD compliance
Industry keen to find Europe-based platforms for growing Israeli funds to use
Long/short return calculations can ignore effect of leverage
Net exposure should be smaller than long exposure, not larger, says academic
Ucits VI threatens derivatives in alternatives funds, says Candriam
Sixth iteration of directive could pose danger to portfolio risk management
Chenavari exploiting opportunities in energy, Asia and liquid alts
Credit player launches Ucits European vehicle and eyes '40 Act funds
Omni reaps reward of expansion into real estate lending
Omni Secured Lending Fund wins most innovative hedge fund
Insurance one of the last ‘great opportunities' for investors
Attractive returns to be found in reinsurance risk via insurance-linked securities
'Dark age' hedge funds have antique fees, says Albourne’s Ruddick
New boss at consultant, John Claisse, to focus on liquid alts research
Evolving reporting/valuations in $2.8trn fund admin survey
National regulator AIFMD validation checks said to be neither uniform nor consistent
Funds of hedge funds outperform hedge funds over 12 months
But typical FoHFs ‘more exposed to market risks now than in recent memory'
