Tue, Jan 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

First quarter AIMA Journal reviews hedge fund regulatory change worldwide

Tuesday, March 19, 2013

Beverly Chandler, Opalesque London: The latest edition of the AIMA Journal includes a comprehensive review of all the regulatory and policy news relating to the hedge fund industry worldwide.

The cover story is a piece by Simon Savage, Risk Specialist, GLG Partners, and Paul Gibson, Chief Tactical Writer, Man Group, entitled 'Cultivating skill in a world lacking in genius’. Here, the writers address the subject of the wealth of academic research that has been conducted with the sole objective of refuting the value of active management. "Many such studies seek only to demonstrate what basic mathematics already tells us. If participation in capital markets is a zero-sum game in which one can only profit at the expense of another, it is obvious that active management per se cannot beat the market" the authors write.

"However, this does not preclude the possibility of the best managers outperforming on a consistent basis. Consequently, it is far more objective to question why most fund managers fail to outperform the market and to use this as a basis for determining the infrastructure, support and culture that can and does promote the generation of above average investment returns."

Based on their analysis, the writers believe there are three main reasons that account for underperformance in investment management.

Also in this issue of the AIMA Jo......................

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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  4. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock

  5. Eurekahedge Hedge Fund Index up 1.01% in December (+4.48% YTD)[more]

    Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as t