Wednesday, 1 October 2014
Last updated 9 hours ago
Jun 14 2011 | 8:44am ET
Hedge fund managers are opening their books to institutional investors, according to the latest survey by Preqin.
A full 90% of the 50 institutional investors polled by the hedge fund data provider in May felt they were getting sufficient portfolio transparency across their hedge fund portfolios. Asked if they felt hedge fund transparency had improved in the past three years, a full 96% said yes.
Of the investors surveyed, 78% told Preqin that since the financial crisis they were looking more closely at the underlying investments in hedge funds in which they invest, while 22% said they’d made no change in their due diligence practices.
So adamant have institutional investors become about transparency, 84% said they would not invest in a hedge fund that failed to meet their requirements. Those requirements, according to the Preqin survey, included breakdowns of hedge fund portfolios by sector or industry (65%), profit and loss attribution (60%), geographic breakdowns of the portfolio (60%), names of top five positions (54%), and full position level transparency on a time-lagged basis (54%).
Another 23% of respondents were even more demanding, requiring real-time access to hedge fund portfolio positions.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...