Alpha News Ticker
Mar 2nd, 2008 | Filed under: AAA NewsreelsWe come across a lot of interesting news items each week. In some cases, we see enough items on a particular theme write a posting on their common threads - what they say about the hedge fund industry, how they illustrate some alpha-centric investment strategy, or why they spell trouble (or success) for alternative investing.
Whatever doesn’t make it into such a posting ends up in the “Alpha Ticker” above and in the news clipping archive (click “Alpha Newswire” above). Last week, for example, the following articles caught our eye:
HFs Not Threatened By Clones (Euromoney II): “Hedge fund replicators for the most part are seen as complementing the real thing, not replacing it…”
Watson Wyatt reveals surge in scheme demand for alternative managers (Professional Pensions): “The number of the UK’s biggest schemes selecting private equity, real estate and hedge fund managers reached record levels last year, Watson Wyatt data reveals…”
Hedge fund launches are clipped back (Financial Times): “Investors cooled towards new hedge funds last year, with cash put into European launches falling for the first time since the 2001 bear market…”
Report warns of hedge fund risks (Business Week): “Despite closer monitoring by regulators, hedge funds still pose significant risks to the financial system, a government report said Monday…”
Merrill Says Diversify With Bonds, Not Hedge Funds (HedgeWorld - free registration req’d.): “Today bonds, not hedge funds, represent the asset class least correlated to equities, according to new research from Merrill Lynch…”
Alpha to introduce 130-30 real estate fund (HFM Week): “Alpha Equity Management, a $220m asset management firm focused on 130-30 strategies, is readying a 130-30 international real estate fund to launch this year…”
Funds paying over 50% more investment fees than five years ago (Watson Wyatt): “Pension funds around the world are paying on average 50 percent more in fees than they were five years ago…”
NYU Study Shows Currency Benchmark Beats Fund Managers (HedgeWorld - free registration req’d.): “A newly available study indicates that a collection of currency return indexes based on easily replicated currency strategies like carry, trend, value and volatility outperforms most currency fund managers…”
The nyu currency study referenced is available here: http://w4.stern.nyu.edu/finance/docs/WP/2007/pdf/wpa07023.pdf