Hedge Funds Review
Banks to be prohibited from hedge fund investments
But close-ended, unleveraged or Ucits fund may provide an exception
ETF and mutual fund liquidity present risks to investors
IMF argues redemption policy regulation should address illiquid assets
K2 addresses Ucits liquidity with manager portfolio data
Three levels of corporate oversight deployed over positions
European Repo Council chair threatens to call in EC over settlement times
De Vidts’ impartiality questioned due to dual Clearstream role
A global outlook on hedge fund regulations | Part 3: An Asian perspective
Sponsored webinar: DTCC
Third-party admin adoption all but complete for hedge funds
Segmentation expected between providers serving large versus emerging managers
Combine market, credit and liquidity risk simultaneously
Separate treatments can lead to underestimation of total risk
A global outlook on hedge fund regulations | Part 2: The impact on operating models
Sponsored webinar: DTCC
Lyxor: index funds may have weakened corporate governance
Rise of passive investment leaves a vacuum to be filled by hedge fund activists
BlueCrest: fixed-income market structure faces uncertain future
COO in interview cites equity-like evolution and regulation squeezing liquidity
A global outlook on hedge fund regulations | Part 1: Reporting and compliance requirements
Sponsored webinar: DTCC
Deutsche Bank places faith in ‘structurally changed’ CTAs
Outperformance no short-term trend, as industry has seen “fundamental changes”
Mifid II threatens dealing commissions and broker research
Ring-fenced research pots required to cut out inducements
Hedge fund ETFs ruffle active managers
Institutions may not favour volatile, high-beta hedge fund replicators, critics say
China's clearing and reporting regimes being built bottom-up
But reported problems include disclosure of state secrets stopping US trading
Radical change needed to close hedge fund gender gap
Asian hedge funds best for gender equality but Europe lags, research finds
Largest funds face more equity and credit risk six months on
But industry sees less interest rate risk and inversely exposed to volatility
Decline of FoHFs saps due diligence efforts
Investment consultants accused of offering poor substitute to decent research
Esma considering revisions to CSDR buy-in technical standards
Extra-territoriality, costs, information gaps in settlement chains are challenges
Millennium: selective price discovery mitigates illiquidity
Route orders to intermediaries willing to absorb risk, says currency manager
Third-party cap intro opportunity as prime brokers scale back
Cap intro said to sit in PB out of evolutionary convenience, not business logic
Funds to consolidate jurisdictions after OECD tax initiative
Beps project means managers to choose key locations for activities
Book review: trend following with managed futures
Seven centuries of data shows average return of 13% with volatility of just 11%
How to kill a zombie - before regulators step in
What to do with funds holding illiquid assets past their original maturity date