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Quote of the Day: Uncanny Wisdom from the 19th Century
Financial issues and economic turmoil have been reason for concern for centuries, and the details are often reoccurring. One of the earliest editors for The Economist, Walter Bagehot, was known as the 19th Century Man of Letters. One of his quotes foreshadowed today’s crises: “A central bank is best that governs least, but is prepared [...]
Hedge Fund Industry Begins to Recover
January’s upbeat performance has lowered client exits from hedge funds to a record low. Outflows were just 0.53%, while the GlobeOp Capital Movement Index jumped to its highest since 2008; 142.6 points. “It could be well that in a zero interest rate environment and a challenging equity market, a diversified portfolio of hedge fund investments [...]
Hedge Fund Investor Gottex Cuts Costs for 2012
Despite what could be considered a relatively successful year, hedge fund investor Gottex Fund Management Holdings is cutting its costs by 15% in 2012. “Getting money into hedge funds is not an easy task for the moment. Asset raising is difficult, though outflows are within normal parameters,” explained Joachim Gottschalk, Gottex chairman. “Global uncertainty in [...]
Citigroup’s Guide for Start-Up Hedge Funds
Despite ups and downs in the market as the global financial situation wavers, Wall Street is still supporting hedge fund pioneers. Citigroup recently publicized a 31-page guide for hedge fund start-ups, which lists five key points in getting a fund up and running. “The Citi Prime Finance Hedge Fund Start-Up Guide is being published at [...]
Hedge Funds Fall 1% As EU Crisis Continues to Spread
Concerns of an impending widespread debt crisis have resulted in global stock market slumps and a 1% drop in hedge funds this week. The Bloomberg Aggregate Hedge Fund Index fell from 117.22 in October to 116.03, dragging this year’s losses down to 3.8%. Funds that bet on economic trends fell as well. “Volatility has been [...]
Stonehenge Capital Announces Successful New Strategy
Stonehenge Capital Management, the asset management firm, recently announced the success of its new direction-neutral hedge fund strategy, Forward Curve Realignment, only one month after it was launched. The Forward Curve According to SCM Manager Steven Michael, FCR returned 0.3% in its first month, in spite of today’s inconsistent market conditions. The strategy focuses on [...]
Eurekahedge Launches New Directories
Eurekahedge, data provider on the industry, has plans to launch new asset weighted directories called “Mizuho-Eurekahedge Index.” Alexander Mearns, CEO of Eurekahedge, explained: “With the current volatility in the markets there is increased demand for more manageable and predictable return streams. The Japanese pension fund industry is currently reported to have almost $100 billion invested [...]
Gold and Silver Fall After Global Sell-Off
Despite recent claims that gold is the way to go during the financial crisis, it, alongside silver and several other commodities, has fallen as a result of a global sell-off in financial markets. On Thursday, gold fell 3.7%, or $66.40, to $1,741.70 per ounce. Silver, a high-demand metal in many industries, also took a severe [...]