Friday, 31 October 2014
Last updated 12 hours ago
Apr 1 2008 | 12:36pm ET
Fitch Ratings is expanding into funds of hedge funds. Or, at least, rating them.
The ratings agency is set to unveil its first batch of fund of funds grades this month. The ratings will be similar to those the firm uses for fixed-income, equity and collateralized debt obligations, with funds of funds rated between FoFHM1 (the best) and FOHFM5 (the worst).
Fitch will consider specialized resources, decision-making expertise, risk management and portfolio management processes in rating funds of funds. The firm will score funds on a scale of one to five in five categories: company and staffing, fund/manager selection, portfolio and risk management, investment administration and technology. The first two will be given a 30% weight, the third a 20% weight and the last two 10%.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.