Editor's view: 29 July 2010
Like Paris in the spring, the lure of the Ucits space is proving a heady experience for many managers. First Europe fell for the charms of these onshore products, now the Americans are joining in a communal swoon.
03/02/2010
Disappointing results affect confidence in Man Group
Analysts continue to question Man Group’s strengths in the long term. The share price in the world’s largest listed hedge fund fell 6.5% after poor early-year results in its flagship
Man AHL fund were announced last week. Earlier in the year, Man announced poorer-than-expected results for the end of 2009, making it the first down year for the flagship fund.
Analysts appeared caught out by the asset outflows from the whole business for the last three months of 2009 and suffered from the general uncertainty surrounding the UK banking sector, which filtered through to Man Group.
In contrast, Gottex, the Swiss-listed fund of hedge funds (FoHF) provider, posted strong 2009 results, buoyed by end-of-year inflows. Gottex endured a torrid time in the asset-backed arena, with funds still unwinding, but its none-ABL funds in the market neutral and portable alpha space performed exceptionally in 2009.
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Comment: Amy B Hirsch
"It is imperative that investors of all types ensure they understand the relationship between the introducing party and the manager"
Investors sit tight on impaired assets
Playing the ‘what if’ game can be fun but, depending on the number of variables in question, it can get a little out of control. Apply this conceit to the hedge fund sector's performance during the financial crisis and the possible permutations become legion.
Hedge fund inflows in Q2
Hedge inflows have slowed as volatile markets made sitting on the sidelines the safest option in Q2. According to figures from HFR, the quarter’s $9.5bn - a 30% drop from Q1’s $14bn – reflected the 'wait and see' policy of many investors as the HFRI Fund Weighted Composite dropped -2.5%. With nerves setting in, recent predictions of a boom of interest in the alpha potential of smaller managers also fell flat, with the lion’s share of money going to large $5bn-plus managers.
Read MoreFunds of hedge funds fall out of favour
A growing number of institutional investors are now opting to invest directly into hedge funds instead of allocating to the space via funds of hedge funds.
Read More
22/09/2010
UK: Ucits IV
This month’s HFMWeek Subscriber Club breakfast will take place on Wednesday 22 September. Join us and…
30/09/2010
US: topic to be confirmed
The next HFMWeek Subscriber Club breakfast will take place on Thursday 30 September. Topic and…
19/07/10
HFM Week US Performance Awards
Following the success of the last year’s HFM US Hedge Fund Performance Awards we...
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