Man Group inflows slow, profit margins narrow
08/01/2014 2:00:14 PM ET
LONDON (Reuters)—Hedge fund manager Man Group Plc reported a sharp fall in net inflows in the second quarter on Friday [Aug. 1] and its chief executive said he was cautious on the outlook for the rest of the year, attracting a mixed reaction from analysts.
International banks eye Argentina holdout debt
08/01/2014 10:41:30 AM ET
NEW YORK (IFR)—International banks could be joining the effort to buy up the Argentine debt from sovereign's holdout creditors and resolve the messy default standoff, multiple sources said Thursday [July 31].
Just as Argentina went into its second default in 13 years following a bitter legal fight in the U.
Argentina defaults but investors see deal possible eventually
07/31/2014 11:34:30 AM ET
BUENOS AIRES (Reuters)—Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, as focus turned to whether big banks and funds would request the declaration of a "credit event".
After a long legal battle with hedge funds which had rejected Argentina's debt restructuring following a 2002 default, Latin America's third-biggest economy failed to strike a deal in time to meet a midnight U.
Citigroup names James Boyle as global head of equity derivatives
07/25/2014 3:26:55 PM ET
HONG KONG (Reuters)—Citigroup Inc. has named James Boyle as global head of equity derivatives, according to an internal memo, replacing Simon Yates who left for New York hedge fund Two Sigma Investments LLC in early July.
ISDA names O'Malia as CEO
07/23/2014 3:34:58 PM ET
HONG KONG (Reuters)—The International Swaps and Derivatives Association (ISDA, a global derivatives trade group, said on Wednesday [July 23] it had appointed leading U.S.
Buy Side Steps Up, and Streamlines: TABB Group Study
By Rich Blake, HedgeWorld
05/04/2010 10:02:17 AM ET
NEW YORK (HedgeWorld.com)—As money managers engage in increasingly sophisticated trading methods while encountering more compliance pressures, the push to invest in technologically advanced Order Management Systems (OMS), and separate Execution Management Systems (EMS), has never been greater, according to a soon to be released TABB Group study which surveyed 118 buy-side trading desks.
By HedgeWorld Staff
08/20/2008 3:59:29 PM ET
Penserra, BIDS Trading in Agreement
NEW YORK (HedgeWorld.com)—Agency broker Penserra Securities and BIDS Trading on Wednesday [Aug. 20] announced an agreement whereby Penserra's institutional investor client base will get direct access to the BIDS Trading crossing system.
High-yield investors welcome volatility
07/31/2014 6:59:48 PM ET
NEW YORK (IFR)—High-yield bankers will unleash a barrage of deals over the next two weeks, even though big outflows and rate rise fears have put the asset class in its most volatile state in months.
With more than $5.
Argentina and holdouts play chicken
07/25/2014 1:25:47 PM ET
NEW YORK (IFR/Reuters)—The prospect of a technical default by Argentina is looming as the government and holdout investors stare each other down in a very public battle of nerves ahead of the expiration of a grace period for debt payments on July 30.
Efforts this week by U.
Global financial watchdog calls for FX fix reforms, urges banks to clean up
07/15/2014 12:44:18 PM ET
LONDON (Reuters)—The world's top financial regulator on Tuesday [July 15] urged deep-rooted change to how currency benchmarks are set, encouraging market players to tighten up their governance, practices and controls rather than imposing stringent new regulation.
The proposals come in response to allegations being investigated by regulators that dealers at major banks colluded and manipulated key reference rates in the $5.
Regulators lack data to probe shadow banking sector
05/02/2014 12:51:58 PM ET
LONDON (Reuters)—Shining a light on the murky $70 trillion world of "shadow banking" is proving tricky for regulators handicapped by too little data and under pressure to boost economic growth, and this means risks may be escaping proper scrutiny.
Shadow banking, a term which annoys the sector because of its pejorative connotation, ranges from money market funds and repurchase agreements to special investment vehicles, hedge funds and securities lending.
Lipper hedge fund risk-adjusted performance - June 2014 - Convertible Arbitrage (U.S. funds)
08/01/2014 3:49:05 PM ET
Editor's note: As of Aug. 1, 2014, seven U.S.-based convertible arbitrage funds open to investment had reported June 2014 performance to the Lipper Hedge Fund Database.
Lipper hedge fund risk-adjusted performance - June 2014 - Convertible Arbitrage (all funds)
08/01/2014 3:47:34 PM ET
CHICAGO (HedgeWorld.com)—The table below contain performance data from the Lipper Hedge Fund Database. Performance listed is risk-adjusted performance for all funds of any currency denomination.
Opinion: Past, Present and Future of Alternative Funds Market
By Brian Macallister, Ledgex Systems
02/28/2014 6:04:50 PM ET
It's been less than 50 years since the fund of funds model came on the investment scene, and that short history has been anything but dull. Born in the 1970s, American fund of funds took off in the '80s and '90s, and then hit a major stumbling block in 2008, when the widespread financial crisis unearthed deep challenges around liquidity.
Opinion: Managers improve, but scale kills
By James Saft, Reuters
02/26/2014 5:39:21 PM ET
Fund managers are getting better, but active fund management is getting worse.
Yes, I realize that is a bit like saying improved medical care is causing us to lose more patients, but this is indeed the upshot of new research and it should put investors in a quandary.