Mutual funds
EU funds net sellers of single-name CDS protection
60% of UCITS funds' single-name CDS gross notional exposures were sell contracts in October 2017
Citi largest counterparty for Templeton currency hedges
Citi accounted for 23% of outstanding forwards at end-March
European investment fund growth slows
Bond fund growth rate falls from 10.6% to 8.2% quarter-on-quarter
ETFs under scrutiny over liquidity risk
Secondary market trading in funds could freeze up in times of stress, supervisors fear
A fuzzy data envelopment analysis model for evaluating the efficiency of socially responsible and conventional mutual funds
The authors of this paper use data envelopment analysis (DEA) to assess the relative efficiency of a sample of US equity mutual funds.
Modeling redemption risks of mutual funds using extreme value theory
This paper shows how redemption risks of mutual funds can be modeled using the peaks-over-threshold approach from extreme value theory.
The academic insights behind fears of a buy-side crunch
Risk of fire sales by highly levered funds is chief worry among influencers of regulatory thinking
SEC’s fund leverage cap needs revising but the idea is sound
Simplicity is welcome – up to a point
Buy side targets leverage cap in SEC derivatives plans
AQR says its managed futures fund could suffer larger drawdowns under new rule
Looser capital won’t ease bond liquidity – SNB’s Rime
Central banker calls for counter-cyclical leverage ratio and scrutiny of funds’ role
Blunt SEC derivatives proposals too onerous for funds
Crossover between derivatives and liquidity rules threatens heavy burden for buy side
Asset managers urge SEC to adopt swing pricing
Rule change could help funds navigate illiquid markets, asset managers claim
Smart beta versus structured products: the investor’s conundrum
Many investors favour one approach over the other, belying their similar aims
Liquid alts advocated part of hedge fund founder exit strategies
Fees lower but flow diversification raises firm valuations
SEC to focus on fair value in alternative mutual funds
Fund managers need to ensure internal controls are up to the mark
Long-only hedge funds hold key to emerging markets
Paamco posits alternative to ETFs and mutual funds
SEC probes retail hedge fund liquidity
So-called multi-alternatives are growing rapidly - too rapidly for some sceptics
'40 Act no panacea for raising hedge fund assets
Compliance costs major hurdle to achieving critical mass
Liongate: hedge fund regulation impacting returns
'40 Act and Ucits restrictions risk stifling entrepreneurial spirit of the hedge fund industry
SEC targets ‘protected’ and ‘guaranteed’ fund names
After criticising the use of the term “principal protected” in structured notes, the SEC turns to ETFs and mutual funds that promise protection from loss in their names
Canada takes aim at tax-advantaged bond funds that use derivatives strategies
Targeting the little guy
Ucits hedge funds continue to underperform hedge funds
Ucits hedge funds underperform hedge funds