Regulatory load mounts for European managers
Late last week in London, the current state of hedge fund industry regulation was ably summarised by panellists at The IMS Group Regulatory Forum
24/02/2010
New research paper shows the benefits of activism
If you’re still in doubt whether activist investors like Carl Icahn and William Ackman actually improve the lot of investors in their funds, and enhance shareholder value in the companies they target, take a look at the recent research issued by three students at Columbia and Duke University.
Comparisons on the role of activism by pension and mutual funds versus hedge funds have been around for many years; a slightly unfair comparison considering the regulatory hindrances on mutual/pension funds.
Nonetheless, activist hedge funds have been found to outperform the overall market and other types of equity-oriented hedge funds, according to the paper’s authors, Alon Brav, Wei Jang and Hyunseob Kim, who cite past research.
But the returns don’t come cheap. The cost of an activist campaign averages $10.5m, one-third of the average gross deal return.
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Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
The institutional outlook
A recent survey of institutional hedge fund allocators gives insight into current and future allocations
Read MoreInvestor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
Read More29/02/2012
UK: Opera Standards: The Challenge and Opportunities of Standardising Hedge Fund Risk Reporting
Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
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