Polar AUM continues to swell
Polar Capital’s AUM increased by over a quarter in the three month period to the end of June 2013 and now stands at $9.2bn, up from $7.2bn at the end of March.
Hedge Funds
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Global hedge fund AUM reaches record high
Long/short equity and macro hedge funds attracted the highest proportion of industry asset flows in May, gaining an aggregate $6.4bn as a result of the prevailing assumption the strong run in equity markets is to continue.
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Post-crisis Europe draws US hedge fund
US distressed debt hedge fund manager Monarch Capital is opening a London office in a bid to establish its long-term commitment to European investing.
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AIFMD continues to plague hedge fund managers
Hedge fund managers are remaining tight-lipped following HM Treasury’s decision to allow new funds to continue to market as normal for the year following the implementation of the Alternative Investment Fund Manager’s Directive (AIFMD).
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European hf managers
European hedge fund launches were subdued in the first quarter of the year as fund managers postpone bringing their new funds to market until after the AIFMD deadline in July.
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Hendersons Casson joins Artemis
Paul Casson has joined Artemis following the resignation of Stephen Yiu from the UK growth team.
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hf performance continues upward trajectory
Hedge funds attracted $20bn in new assets in the first quarter of 2013 and US hedge fund assets hit a record high of $1.25bn during the period, according to data provided by Eurekahedge.
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advisers torn between client demand hedge funds
Over one-third of investors feel advisers are not sufficiently clued up on Ucits hedge funds despite research showing that blindly allocating to the vehicles for diversification purposes can be damaging to portfolios.
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warning on alternatives as poor diversifiers
Alternative assets used as diversifiers may be damaging portfolios due to high correlation with other underlying assets, a report by Capital Generation Partners shows.
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Principal buys lions share of Liongate
Principal Global Investors has bought a majority stake in Liongate Capital Management in a bid to meet increased client demand for both alternative investments and portfolio-wide hedged solutions.
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investors beware the return of the hedge fund
Research from Deutsche Bank shows institutional investors expect an all-time high of $2.5trn invested in hedge funds by the end of this year though this is a trend that will remain the preserve of the large institution rather than the individual investor.
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Investors positive about hedge funds in 2013
Hedge fund assets are set to reach record levels by the end of 2013 and inflows are expected to hit $123bn during the year. But private banks have proved more reticent than pension funds in reallocating capital to the asset class.