Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Edhec Risk Institute report finds the 'Absolute Return’ term is misleading

Monday, April 30, 2012

Beverly Chandler, Opalesque London: The latest edition of the Edhec Risk Institute’s Investment Management Newsletter features a report that speculates that mainstream managers and hedge funds are continuing in a head to head battle for territory, and one that is based on a misleading piece of nomenclature.

In a piece entitled, 'Mainstream managers and hedge funds: battle joined?, Dr Arjuna Sittampalam, Research Associate with EDHEC-Risk Institute and Editor, Investment Management Review says: "In recent years, hedge funds have attacked the business of traditional asset managers, targeting their customers, both the institutions and the retail public. But the signs are that the mainstream is successfully fighting back".

Sittampalam finds that hedge funds going into these new territories have been driven by two important developments: the UCITS III directive, which has allowed a version of hedge funds to be sold to retail investors under the much-prized UCITS label and, a large element of the hedge funds’ customer base, high-net-worth individuals, were put off in 2008 by the illiquidity of the sector at a time of crisis.

Sittampalam writes: "The hedge funds’ invasion of mainstream territory is being defended successfully by the traditional houses, which are also hitting back in hedge fund territory. According to Helena Morrissey, Chief Exec......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  2. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  3. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  4. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to

  5. Hedge funds pull back from Deutsche Bank[more]

    Bailey McCann, Opalesque New York: Hedge funds are pulling some of their business from Deutsche Bank, according to a Bloomberg report. People familiar with th