Saturday, 27 December 2014
Last updated 2 days 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%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.