September 2009

The days when (hedge) fund managers could say, “It’s a black box,” when asked to illuminate the origins of their funds’ returns were over anyway, but a new white paper released this morning by the manager evaluation firm, Inalytics, and the US-based asset manager, GLG Partners, bangs yet another nail in that particular coffin...

Andrew Baker: I am glad to say now that there are growing signs that opposition to the AIFM directive in its current form across Europe is beginning to reach critical mass...

Switzerland has relatively lax laws regarding funding. Samuel Sender, of Edhec, talks about the challenges this poses...

BNP Paribas' win of a large hedge fund mandate from a prime broker is a sign that custodians can now compete in earnest for the hedge fund market. Nick Fitzpatrick looks back at twelve months of business wins and losses...

Strong and stable custodians have benefited from the financial crisis as clients have sought a safe place for their assets. But it’s not just the largest custodians that have won business. In some ways the crisis has been a great leveller, says Nick Fitzpatrick...

Regulations formed in the wake of the financial crisis have troubling and far-reaching implications for custodians. A court ruling in France earlier this year was a case in point, writes Nick Fitzpatrick...

Asset managers are forging more rigorous contracts with their custodians. Nick Fitzpatrick says the changes, which could affect prices, are revolutionary for an industry that’s three decades in the making...

Converging on similar sectors and forced by economic imperatives to seek out companies at a similar stage of development, buyout and venture capital...

Value is coming back to micro caps, including some of the sector’s fallen angels, says Robert Marren of Nicholas Applegate...

There are concerns about how China is spending its increased debt. But respect for the country’s economic handlers bolsters confidence, finds Fiona Rintoul

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