Sunday, 21 December 2014
Last updated 2 hours ago
Nov 23 2010 | 11:57am ET
Moody's Investor Services is extending its hedge fund ratings system to one of the industry's biggest growth areas.
The ratings agency plans to begin rating managed accounts and managed account platforms. It will used the same operation quality rating methodology that it currently uses to rate the hedge funds that use its service.
"The operational risk for hedge fund shareholders and managed account holders is similar," Joanne Job, who created the rating implementation guidance for managed accounts at Moody's, said. "We therefore felt it was appropriate to use a modified version of our existing operational quality rating methodology to analyze the risk associated with managed accounts."
Last year, Moody's changed the way it rates hedge funds, grouping the ratings into five categories and offering a ratings scorecard to make its methodology clearer. The agency has been rating hedge funds for four years.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.