Tuesday, 2 September 2014
Last updated 3 days 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...