FTFM led this week with an article titled Few FoHFs yield value, report says. Based on an as yet unpublished academic paper, FTFM asserts that “Investors would do as well randomly picking underlying funds” as they would investing in a FoHF (or a portfolio of hedge funds managed by a specialist).
‘Thought leadership’ is a phrase (commonly used in North America) describing an individual or company that leads industry and academic debates about critical ideas within a particular field or area. Many attribute coining of the phrase to Joel Kurtzman, former editor of the Harvard Business review, author, economist and columnist. Successfully implemented, thought leadership generates, [...]
There is a tension at the heart of many asset management firms between two often conflicting goals: (1) maintaining investment excellence at all costs; and (2) marketing/ business development.
For managers listed on the stock-market with quarterly reporting obligations as well as debt holders and the analyst community to appease, this tension can literally split [...]
The Financial Crisis of 2007-09 “…appears to have had an enduring effect on investor behavior. We find structural breaks in investor behavior after the global financial crisis.”
So says the IMF in its Global Financial Stability Report for 2011 released last week.
The Report confirms many of the investment trends illustrated in the [...]
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