Wednesday, 1 April 2015
Last updated 2 hours ago
Feb 9 2012 | 3:54am ET
More and more hedge funds are looking to sovereign wealth funds to bolster their assets. But they may be looking in the wrong place.
While sovereign funds continued to increase their assets last year, they didn't put that new money into hedge funds, according to a new study from TheCityUK. Overall portfolio allocations to hedge funds decreased, as did the overall number of sovereign funds investing in the asset class, which dropped slightly from 37% to 36%.
"In 2011, overall direct investments of SWFs were about a quarter below the previous year's levels and down about 40% on the peak in 2009," TheCityUK researcher Marko Maslakovic said. "There is more diversification, transaction sizes are smaller and SWFs have increased allocation to emerging market countries."
"They are also focusing more on their own domestic markets," Maslakovic continued. And worse, "the more cautious approach to investments may very well continue in the forthcoming period."
Sovereign fund assets rose 9% to $4.8 trillion last year and are expected to grow by a further $400 billion this year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…