Philip Kalus, managing partner at accelerando associates discusses why many fund selectors are stepping back from some new, but sound investment themes and managers, what they are missing and what might be a solution scenario.
A study of the cost-efficiency of asset managers in the UK has confirmed what was until now an uncorroborated fact in the industry: independent asset managers have more efficient cost structures.
The Hedge Fund Association (HFA) has appointed José Castellano, managing director of Pioneer Investments, as director of a new southern European Union chapter for the organisation.
The world’s largest and best known hedge funds are likely to experience “heavy withdrawals” in coming months as investors see generally poor performance and “question whether these large managers have morphed into asset gatherers at the expense of performance,” according to Don Steinbrugge, founder of independent fund marketers Agecroft Partners.
Fidelity FundsNetwork has launched Portfolio Evaluator, a new independent online asset allocation and risk modelling service for advisers.
Man Group has won a mandate, initially of €1.2bn, from Germany’s largest public pension fund to invest in hedge funds via Man’s managed account platform.
Last year was a case of swings and roundabouts for the $1.9trn hedge fund industry, with an increase in launches but continuing decrease in performance fees investors would pay.