Saturday, 30 August 2014
Last updated 1 day ago
Nov 25 2008 | 12:15pm ET
Hedge funds are about halfway done dumping assets to reduce leverage, and may unload another $200 billion to complete the deleveraging process, according to a new survey.
Sanford C. Bernstein & Co.’s survey found that 63% of hedge fund managers agreed that the unwinding of assets is at least half completed, while 23% are more optimistic, said the process was three-quarters completed. The survey was based on interviews in with managers of more than 65 hedge funds overseeing a combined $100 billion.
The amount of gross leverage used by hedge funds fell to 142% of assets from 175% in 2006 and 2007, the report said. Fifty-two percent of managers surveyed said the process of investor withdrawals is complete and transfers of money to clients to be done by the end of the first quarter, while 41% said they think half of redemptions are yet to come.
About 16% of the hedge funds surveyed invest in emerging markets, 10% in fixed-income strategies and 8% in macro.
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 ...