IMF unveils investors behind emerging market debt boom
03/06/2014 10:39:44 AM ET
WASHINGTON (Reuters)—Big institutional investors account for 80 percent of the half a trillion dollars foreigners have plowed into emerging market sovereign debt in the last few years, according to an analysis by International Monetary Fund economists.
Investors such as hedge funds and sovereign wealth funds held $768 billion in emerging market government bonds as of June 2013, the paper showed.
Lehman Europe creditors in line for extra $8 billion payday
03/05/2014 1:09:05 PM ET
LONDON (Reuters)—Hedge funds, asset managers and other creditors of Lehman Brothers' European arm will next month be fully paid out from money recovered from the carcass of the bank and could get an extra £5 billion ($8.4 billion).
Computer-driven trade to grab market share in 2014: study
03/04/2014 11:00:53 AM ET
LONDON (Reuters)—Smaller asset managers and hedge funds will drive an increase in the use of computer-driven equity trading strategies in 2014 as brokerages cut back on the services they offer to less profitable clients, a study shows.
Margin pressure among brokers has forced them to focus on servicing big-paying clients at the expense of the rest, many of whom will now look to use so-called "low touch", computer-based strategies to fill the gap, a study by consultants TABB showed on Tuesday [March 4].
Newedge's commodities, currencies chief leaves
12/12/2013 4:09:23 PM ET
NEW YORK (Reuters)—Newedge Group's global commodities and currencies chief, John Fay, has left the U.S.-based futures brokerage ahead of a major ownership change.
Citigroup adds director with hedge fund, banking experience
12/11/2013 11:34:48 AM ET
NEW YORK (Reuters)—Citigroup Inc. named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday [Dec.
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 bonds draw investors as emerging debt loses them
03/10/2014 10:58:25 AM ET
LONDON (Reuters)—Shove over, emerging markets - high-yield debt has taken your place.
Emerging-market bonds, star performers just a year ago, are being replaced by high-yielding corporate debt from developed markets by investors searching for yield.
Hedge funds guard data more, give clients new reason to grumble
03/07/2014 5:11:37 PM ET
BOSTON (Reuters)—After years of complaining about high fees and lackluster returns, hedge fund investors have something new to grumble about: It is getting harder to see even the most basic data about what's happening with their money.
Big-name hedge funds like Third Point LLC, Paulson & Co.
Hong Kong to review rules around alternative liquidity pools
02/27/2014 2:12:48 PM ET
HONG KONG (Reuters)—Hong Kong will launch a consultation period concerning future regulation of dark pool trading networks, the territory's securities regulator said on Thursday [Feb. 27].
DOJ probes finance firms' dealings with Libya
02/03/2014 12:21:20 PM ET
WASHINGTON (Reuters)—The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery laws in their dealings with Libya's government-run investment fund, The Wall Street Journal reported, citing people familiar with the matter.
Lipper hedge fund performance - January 2014 - Event-Driven (U.S. funds)
02/26/2014 3:53:06 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all U.S. funds open to investment.
Lipper hedge fund performance - January 2014 - Event-Driven (all funds)
02/26/2014 3:48:07 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all funds open to investment. Performance listed is absolute performance.
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.