Tuesday, 21 October 2014
Last updated 11 hours ago
Oct 29 2012 | 12:12pm ET
Some very unfavorable headwinds could lead to a markedly smaller European hedge fund industry, according to a new report.
Hedge funds in the eurozone—which, of course, excludes the continent's largest hedge fund centers, Britain and Switzerland—will manage as much as 12.5% less four years from now, Ernst & Young predicts in a new economic forecast for the region. Assets under management will fall between 1% and 3% every year until 2016, the accounting firm expects.
E&Y blamed both poor returns and the EU's impending strict new hedge fund regulations for the projected decline. "While the same pressures are being felt by hedge funds across the world, those in the eurozone and with larger exposures to the eurozone would be expected to struggle more," Julian Young, head of hedge funds in Europe, the Middle East, India and Africa, told Financial News.
According to E&Y, the eurozone hedge fund industry is already 17% smaller than it was five years ago, with assets down to €50 billion from €60 billion at the end of 2007.
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 ...