Monday, 29 December 2014
Last updated 28 min ago
Jun 9 2008 | 12:25pm ET
The explosive growth of hedge funds over the past several years has been driven, in no small part, by sovereign wealth funds. But the world’s largest such fund is reportedly slashing its exposure to the asset class.
The Abu Dhabi Investment Authority, which has some US$650 billion in assets, is boosting its index fund investments at the expense of alternative investments, BusinessWeek reports. ADIA has reportedly halved the number of hedge funds it invests in. The fund now has about 34% of its portfolio in alternative investments.
BW says the move to passive investments is in response to disappointing returns on the part of hedge funds.
“AIDA is keen on identifying real management skills and real talent, and is not prepared to pay the usual fees charged by hedge funds for strategies that can be replicated in an index,” Saeed Mubarak al-Hajeri, AIDA’s executive director, told BW.
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.