Tuesday, 21 October 2014
Last updated 10 min 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.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...