Hedge Funds Review
Basel bonanza a boon for cold hard cash
While hedge funds may be used to holdings in cash management funds for investor redemptions, Basel II has given banks a greater incentive, to allow their use as collateral as well, Solomon Teague reports
The new foundation for hedge funds
Foundations and endowments are keen on hedge funds, but you've got to know what they want, write Jamie Wynn-Williams and Phyllis Feinberg...
Demystifying the practice of synthetic CDO valuation
Nosheen Khan, vice president, structured credit valuations at Markit, examines the base correlation mapping methods for implying bespoke collateralised debt obligation (CDO) correlations from standard index tranche correlations
Why the implied correlation of dispersion has to be higher than the correlation swap strike
It may be accepted wisdom and proven fact, that the implied correlation that results from a dispersion trade does not equal the price of a correlation swap in the market, but AXA Investment Managers Saad Slaoui and Jerome Vierling examine the theory…
The easy path to permanent capital Nirvana...
Listing funds is one way of raising capital that sticks, Alpha Strategic shows managers there's more than one way to skin this cat, as Solomon Teague writes
Divide and rule?
MSS Capital's head of structuring in EMEA, Caelim Parkes examines the benefits and drawbacks of managed accounts, in answering why at least a portion of one's hedge fund assets should be managed in segregated accounts
Unbiased reporting
Edhec's Walter Gehin assesses the importance of database quality and impact on various biases, on hedge fund returns
London raises the bar...
As the London Stock Exchange says it will launch the Specialist Fund Market for hedge and other specialist funds, David Walker examines listing options
Getting strongly bullish about the prospects and future opportunities in the land of the bear
russia equity long/short
When speed is of the essence: working the short sell in Asia
Speed is critical when going short in Asia's emerging markets, says Lionhart's Jason Kennard. Success means knowing the market and your customers, and having 24-hour access to a trading platform that can adequately back up your strategies, he adds
The responsive alternative...
Barclays Capital's Michael Brian explains hedge funds' nimbleness does put pressure on prime brokers to respond in kind but, as is the case with all rapidly changing industries, the cream does still rise to the top
There's more than one way to skin a cat
The ability to invest long and short is central to efficient risk mitigation in today's capital markets, so the theory goes, but your IT systems need to be able to keep up
Vive la difference, says Credit Suisse
In an increasingly complex marketplace of prime broking houses, it's the small differences between brokers that are likely to make or break the client relationship, says Credit Suisse managing director Philip Vasan
So much more than just Scandinavian hedge fund coverage...
Stability, reliability and commitment, plus the ability to operate under local jurisdictions, are key to selecting prime brokers, says the head of prime brokerage at SEB, Jonas Lindgren
Power through sharp focus
When choosing a prime broker, clients should conduct a thorough review of firms' core competencies to assess suitability, says Lehman's prime broking team
Of talent and track records...
David Walker chats with Deutsche Bank's Barry Bausano and Jonathan Hitchon about the central prime broking issues and challenges and the latest services at brokers' disposal
The new foundation for hedge funds
Hedge funds going digital was one thing, but boy, do they generate some data? More than you can put on a floppy disk, anyway, as Bob Guilbert from Eze Castle explains
Directional, with focused discipline
Scotland's Cartesian Capital has turned in a healthy first year with its UK long/short hedge fund. David Walker found out why they had such an enjoyable first birthday...
Synthetic considerations...
tete à tete: shorting
This lunch packs an educational punch!
One lunch, four managers, many products. Solomon Teague observes the very different market predictions of a convertible bond researcher, property fund developer, an asset manager and investment committee chairman.
Model mismatch
While mark-to-market may be the prefered route to pricing, sometimes it just isn't possible. The Bank of New York's Tim Murphy and Markit's Richard Earl look long and hard at models as they apply to the pricing for OTC instruments
Chicago's exchange merger mania
exchanges