Sunday, 29 March 2015
Last updated 1 day ago
Feb 12 2008 | 2:33pm ET
A new report says that 130/30 strategies have created more revenue streams and, in turn, more competition among brokers and custodians, as well as creating a new asset class.
Brokers and custodians are converging in offering both custody and financing to 130/30 funds and both groups stand to earn $1.26 billion in annual revenues from 130/30 strategies by 2012, according to the Vodia Group. Brokers have made substantial marketing inroads with institutional investors, 44% of which say that they would custody their planned 130/30 investments with a prime broker.
As well, 130/30 funds are “eroding boundaries” in the asset management industry by “speeding up the already blurring distinctions between traditional long-only asset managers and long/short hedge funds.” As a result, asset managers are moving towards hedge funds in pricing.
For all the hype concerning 130/30 funds, institutional and retail investors are just beginning to test the waters for hedge fund-like strategies. A recent Vodia Group survey found that 14% of institutional investors said that they had already invested in 130/30.
Vodia Group offers research and consulting to providers and users of credit, risk and securities lending products.
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…