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.
17/02/2010
Rab starts the year well after a turbulent 18 months
January’s returns have started rattling in, which gives us all a chance to take a look at how the great and good of the hedge fund industry have started the year.
It was once the darling of the hedge fund set, but Rab’s star well and truly plummeted, along with its assets, over the last year and a half. Assets in its flagship Rab Special Situations Fund were a little over $500m in November last year, following a 76% drawdown peak to trough from July 2007 to March 2009. But January has started well, the fund is up more than 5%, and it isn’t the only Rab fund to have begun 2010 with a spring in its step; Rab Energy was up almost 7%.
III Offshore Advisors is another fund house that has endured much over the 18 months. In 2009, the fund returned 31% but continued to shed assets through to April. It started the year positively, however, with a 5.6% return.
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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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