Hedge funds
Fund of hedge fund winners offer strategy picks
The winners of Hedge Funds Review's European FoHFs Awards - Aberdeen, HSBC, Culross, Kairos, Abbey Capital, Pioneer Investments - give their strategy picks of 2015
Managed futures ‘not a tail risk strategy'
There are common misperceptions of managed futures and the drivers of CTA returns, bolstered by poor performance of CTAs in 2011-13
CTAs beat hedge fund rivals in 2014
Deutsche Bank says that CTAs’ fortunes may have changed for good, but questions remain as to whether their supersonic returns will continue
Dodd-Frank reporting lets traders prey on hedgers
The US Dodd-Frank Act has foisted transparency on derivatives markets by requiring the public reporting of over-the-counter trades. But some end-users are crying foul, as the new rules cast a spotlight on the once-hidden execution of their hedging…
BlueBay: "ever higher" market dislocation, mispricing of risk
The sell-down of non-core and problem loans by European banks accelerated during the second half of 2014, adding to an already ripe opportunity set for situational credit investing
Dealers waiting for answers in CFTC cross-border conundrum
Non-US dealers are unsure how much involvement their US staff can have in trades executed overseas. Plans to relocate salespeople were drawn up some time ago, but shelved, and last year’s extension of a no-action period means the confusion continues
West Wheelock Capital: removing rollover risk
The short duration of collateral transformation deals creates rollover risk for entities looking to margin longer-term trades – Manish Kapoor of West Wheelock Capital has a solution
Oil promises better investment environment for hedge funds
Airlines, construction firms and lower-end consumer retail stores will be beneficiaries
Taiwan further relaxes domestic equity derivative trading rules
Onshore regulator looks to boost domestic derivative sector by broadening types of assets firms can trade
Hedge funds' year in review
Cautious optimism about global macro and trend funds coming into the year later proved to be well placed, while, conversely, allocations to event driven strategies surprised by delivering the most disappointing results
Lyxor takes best FoHF investor relations team award
An international team with a range of backgrounds marks Lyxor out from other funds of hedge funds
Prime Capital: hedge fund failings are high fees and false liquidity
At the Hedge Funds Review 13th European Fund of Hedge Funds Awards 2014, Prime Capital won again for its PCAM Blue Chip FoHF and attributes its success partially to addressing perceived shortfalls within the hedge fund market
Goldman hid swaps profits from clients, whistleblower claims
In a complaint to the US Securities and Exchange Commission, a former Goldman Sachs employee has accused the bank of disguising how much profit it makes on some trades
Amundi considers deals with institutions to 'rent' its platform
Amundi Alternative Investments received two awards at the Hedge Funds Review 13th European Fund of Hedge Funds Awards 2014, for overall group and for its managed account platform
Pictet blasts herd mentality that permitted Madoff
At the Hedge Funds Review 13th European Fund of Hedge Funds Awards 2014, Pictet Alternative Advisors picked up three awards for its funds, the most of any firm
GSAM: experience, talent and alert system protect clients
Goldman Sachs Asset Management, which received two awards at the Hedge Funds Review 13th European Fund of Hedge Funds Awards 2014, discusses the organisation of its Alternative Investments & Manager Selection business
DB could expand Aggregator strategy "into outright distressed"
At the Hedge Funds Review 13th European Fund of Hedge Funds Awards 2014, Deutsche Asset & Wealth Management picked up an award for its innovative fund investing in illiquid hedge funds
Kairos rejects consensus trades
At the Hedge Funds Review 13th European Fund of Hedge Funds Awards 2014, Kairos picked up two awards for its Multi-Strategy Fund while general manager Fabio Bariletti was honoured for his outstanding contribution to the fund of funds industry
PB lobbying perceived to soften Esma on asset segregation
The two options offered by Esma in its consultation paper will make rehypothecation of AIF assets easier than if AIF-by-AIF segregation was mandated
Indos: unexpected conflicts of interest emerging from AIFMD
The emergence of conflicts of interest under AIFMD means questions are being asked whether depository-lite standalone administrators and management companies are sufficiently independent
Esma proposes two options for PB asset segregation
Esma consults on whether to impose separate accounts for the AIF assets of each delegating depository
Liquid alts advocated part of hedge fund founder exit strategies
Attraction of mutual fund business valuations may tempt some hedge fund founders seeking an exit into the liquid alts space
FCA to probe possible conflicts in barrier options
The UK's Financial Conduct Authority will examine possible conflicts in the trading of foreign exchange options; some participants avoid the products in thinly traded markets