May’s disastrous performance aside, the hedge fund industry has staged an impressive recovery from nadir of the crisis – one that has seen institutional investors in particular make a welcome return to the sector.
With BP’s toxic gumbo curdling the special relationship, while malfunctioning Euro-bonds throw markets into crisis, casual observers could be forgiven for thinking that Europe has succeeded in scaring off its transatlantic cousins.
"As a result of these recent developments, many funds might be wondering if reporting status will provide any benefits for UK individual investors"
Another week, another ‘Cayman in peril’ story. Last time it was SkyBridge Capital considering Luxembourg versions of its soon-to-be-acquired Citigroup funds of hedge funds (FoHFs). This week it’s Zais Group, the $8bn distressed specialist, considering re-domiciling a whopping $500m in Cayman-based assets.
May has been one of those months navigated by luck, rather than judgement. Losses were across the board, with every strategy impacted by Europe’s government bond crisis, and the ensuing uncertainty unleashed in the global markets.
"While the immediate threat of counterparty risk has diminished, it is foolhardy to suggest that it will not rear its head again in the near future"
Family offices are at last following institutional investors into the realm of Ucits and managed accounts. This week, Parly Company and the Dhandsa Family Office joined the growing fray, by respectively announcing plans to transition assets from hedge funds into managed account structures and Ucits offerings.
First the fall and now the rise, $2.7bn and counting. Last time the industry reached these highs, the world was teetering. Wobbling on a financial precipice, into which it ultimately plunged. With an uplift of 9% over the past six months, hedge funds have done a good job of climbing out of this cataract.
"Administrators are the only source of independent data on the fund. They are the best placed to meet the demands from institutional investors and regulators"
It’s official. Structured finance is back. But not as we know it. This week’s news from BNY Mellon that inflows via structured products are on the up, via new ‘hybrid’ structures, raises questions about the very definition of the term
22/09/2010
This month’s HFMWeek Subscriber Club breakfast will take place on Wednesday 22 September. Join us and…
30/09/2010
The next HFMWeek Subscriber Club breakfast will take place on Thursday 30 September. Topic and…
19/07/10
Following the success of the last year’s HFM US Hedge Fund Performance Awards we...
