Monday, 24 November 2014
Last updated 2 days ago
Mar 18 2014 | 11:08am ET
Russia today moved formally to annex the Crimea—and hedge fund managers are worried.
Bank of America Merrill Lynch’s March Fund Manager Survey shows 81% fear geopolitical risk. The poll was taken as matters between the Ukraine and Russia continued to deteriorate this month, culminating on Sunday with the Crimean referendum to leave the Ukraine and join Russia, and Russian President Vladimir Putin’s signing of an annexation treaty today. The conflict has battered Russian and European stocks, and the U.S. and European Union leaders have promised increasing sanctions against Russia.
Fund managers’ stock holdings have dropped to a 15-month low, according to the BofA survey, and have also cut leverage. The number of investors identifying geopolitical crisis as the chief tail risk more than doubled, from 12% last month to 27% in March.
“Responding at a point of growing tension in Ukraine, 81% of investors said they see geopolitical risk posing a threat to financial markets stability—more than four times the reading one month ago,” BofA’s Michael Hartnett said.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...