Weekly Newsreel
Jul 10th, 2008 | Filed under: AAA Newsreels
Giants launched with record $19.5 bln in first half: Industry concentration means that its feast and famine at the same time in the hedge fund industry.
Swedish funds hope rules to change soon: The Swedish public pension scheme lobbies its government to allow more access to alternative investments. As P&I observes, “Alternatives managers — particularly global players — should be in the best position to benefit from what consultants estimate will be billions of dollars up for grabs.”
Don’t Pay Alpha Fees for Beta Performance: Advisor Perspectives gives us a sneak peak at a new article by previous AllAboutAlpha guest contributor Larry Siegel on various alpha-centric themes. This is a great discussion - particulary for financial advisors.
Hedge funds hit troubled banks with a hiring binge: More on a topic in last week’s newsreel - the employee pillaging being conducted by hedge funds.
Bigger may be better as smaller hedge funds give up: Says one industry player, “The costs of entry into the hedge fund industry have always been very low, but the costs of remaining in business are very high.”
Fewer U.S. hedge fund starts so far this year: Reuters reports on Absolute Return magazine’s analysis of US hedge fund start-ups.
UK asset management industry moves towards multi-boutique model: Gartmore isn’t the only asset manager wrapping itself in the “multi-boutique” flag.
Aberdeen changes tack on hedge fund strategy: Another UK-based manager says “Hedge funds are going to be a long term game and not a short term win.” (ed: especially for Aberdeen, which is now a quarter-owned by hedge funds)
