Investment Management
Review - Volume 2 : Issue 4
What's in Volume 2 : Issue 4?
Two new Asian behemoths
Giant investment institutions are taking shape in Japan and China that might eventually stand astride the world of global fund management.
Industry snapshot
The state of play in the asset management industry is reviewed by the leading firm Boston Consulting Group.
Radical change by 2010
Mainstream asset managers and the hedge fund industry are set to undergo radical transformation in the next three years, according to the Bank of New York.
Towards a single global market
Leading consultants McKinsey analyse global capital flows and point to progress towards the formation of a single global capital market.
Australia the prime test market
Australian fund management is expected to be dominant in Asia.
Short-selling
What sort of companies show aggression towards short-sellers of their shares?
The research landscape
The research landscape in the US has still not settled. Both the sell side and the buy side are evolving and the independent boutiques are having a surprisingly tough time.
Long-life damage
Pension funds face the problem of increased life expectancy. Longevity bonds are touted as the new solution, but whether they will succeed is furiously debated.
Structured products
Structured products are increasingly based on customised indices. The key issues and developments affecting the structured products industry are covered at a major conference and by an industry authority.
Fast track to disaster?
Growing concern is expressed by regulators and other authoritative institutions about a potential debt catastrophe. Even without a global crisis, the stresses of excessive debt are already being felt in several quarters. How are some astute institutions preparing for this?
A high flyer’s problems
London’s Aim investment market is rapidly acquiring international status as the global market for small companies. But how serious are the problems it is now encountering?
Locals going global
It makes sense for a start-up to be global from the outset. There are ramifications for the future of financial markets.
Mainstream adopting short-selling
Hedge funds no longer have a monopoly of going long/short. Mainstream houses are also getting in on the act.
Social investments gathering steam
Socially responsible investing is the new fashion, but the definition varies and there are controversial aspects.
Liability-driven investment
LDI has been much talked about. Pension funds are now actually acting.
Macquarie goes to the top
Famous for its global infrastructure expertise, the Australian bank Macquarie now seeks dominance in hedge funds.
Hedge funds and ETFs do mix
Active hedge fund managers are not supposed to use ‘passive’ ETFs, but they do. Can this be justified?
Funds of funds still thriving
Funds of funds are under a cloud, but demand for them still continues strong.
Speed research for hedge funds
The sell side profits from the special research needs of hedge funds.
Institutions versus high net worth
Institutions and high-net-worth individuals look at hedge funds through different glasses.
Hedge funds redundant?
A new wave of products replicating hedge fund strategies might spell the death-knell for many.
Off the beaten track
The arcane world of distressed power generation is yet another hunting ground for adventurous hedge funds.
Property
Real estate investments are spreading worldwide, with Asians taking to them in a big way and the UK and Germany introducing them.
Infrastructure
The high price demanded for London City Airport scares off banks.
A raging debate on indexation
As the arguments for and against fundamental indexation continue, yet another investment thinker joins the fray and argues that the concept is nothing but value investing.
Snippets
Structured products boom among baby boomers … A structured vehicle for carbon trading … Deutsche Börse links up with the Swiss … Derivatives-only investment … Ins and out of hedge funds … Buffett profits from Lloyd’s disaster
The potential for ETFs in Europe
ETFs have been, and promise to continue to be, one of the fastest-growing sectors globally. From virtually zero, Europe has taken off over the last few years, but a survey highlights that there is much more to come.
European transaction cost analysis survey
MiFID is much talked about and expected to have profound consequences for the fund management industry. But many players do not seem to be sufficiently aware of what is to come and what is needed.
Structured products – evolution of complexity
The phenomenal growth in derivatives and structured products in recent years has been accompanied by a tremendous increase in the complexity of instruments and strategies. Nick Haining charts the fascinating evolution of this complexity. He outlines it in terms of a logical series of building blocks being put together.
Opportunities in Brazil
Brazil receives the least attention of the four BRIC countries (Brazil, Russia, India and China), but it offers a marvellous opportunity for investment firms, particularly in private equity, in the next two years, as Russell Deakin explains.
Statistical perspectives