Thu, Oct 23, 2014
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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t