Tue, Dec 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Pfaeffikon talking (4): Man’s Peter Clark on hedge fund challenges and opportunities

Thursday, October 04, 2012

amb
Peter Clarke
Benedicte Gravrand, Opalesque Geneva:

Peter Clarke, CEO of Man Group plc, the $52.7bn hedge fund firm with head-quarters in London and other main offices in Pfaeffikon, Switzerland, discussed the key challenges facing the hedge fund industry and its long term prospects during an IIR conference in Pfaeffikon last week.

Key challenges The first one, Clarke said, is performance. Many things have changed in the last few years: markets, parameters, expectations and requirements of investors and of regulators and politicians. Since the beginning of the financial crisis, we have seen liquidity problems, asset prices collapse and volatility spiking and volumes declining.

"Indeed, a perfect storm for the asset management industry," he noted. The policy reaction (injecting liquidity and bringing down interest rates) did sustain asset pricing and re-balanced volumes and volatility. But there is a price to pay. And that sits in the context of investment returns and counterparty quality, and "most annoyingly" in the alternatives world, in asset correlation. So producing uncorrelated returns is now more challenging.

Only bonds have seen progressive returns since January 2007. World stocks, even if they have done well lately, have seen high volatility. "Mos......................

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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  3. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  4. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released

  5. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg