| Recommended Reading | ||
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| US Pensions pushing to the limits of hedge funds capacities? | ||
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Reuters reports U.S. pension plans are seeking better returns by slightly increasing their investment risk as funding shortfalls in a growing number of plans raise concerns. Pension funds are also hiring fund managers "at an unprecedented rate" as they look for ideas to "help them keep pace with their hefty obligations," said Greenwich Associates' 2004 report on the U.S. investment management industry.... The report noted that pension plans continue to increase their use of alternative investments like hedge funds and equity real estate. The percentage of U.S. pension funds, endowments and foundations using hedge funds increased to 23 percent in 2003 from 12 percent in 2000, according to the report. The survey said if corporate and public pension funds reached their target of a 5 percent allocation to hedge funds, the capacity of the hedge fund industry could be tested with "too much money chasing limited opportunities." Source
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| Investors to be quizzed on valuation | ||
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The Alternative Investment Management Association, the global hedge fund and alternative investment association, is conducting a survey of investors and managers across all markets on asset pricing and fund valuation practices. Source
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| CSFB banker to head new division | ||
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CrainsNY.com reports Bennett Goodman, a top Credit Suisse First Boston banker who appeared to be headed out the door last year, was named head of a new unit that focuses on private equity and hedge fund investing. In his new role as head of the newly created alternative capital division. Source
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| San Diego-Based Hedge Fund GMM Put in Bankruptcy | ||
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Global Money Management, a San Diego investment partnership that is accused of bilking investors out of millions of dollars, has been placed into bankruptcy only days after a court-ordered receiver took control of it. Source
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| J.P. Morgan Calls In Branding Expert—Citigroup`s! | ||
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Institutionalinvestor reports J.P. Morgan Chase and Bank One have hired corporate brand consultant Lippincott Mercer to handle the firms' branding strategy when they officially tie the knot later this year. Source
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| It`s a small world offering big gains | ||
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The US constitutes about 55 per cent of the world's market weighting, according to Morgan Stanley Capital International, meaning if US investors wanted to benchmark the globe, their portfolios would have a 45 per cent weighting overseas. Instead, international equities constitute about 4.2 per cent of the average 401(k) participant's stock portfolio, according to mutual fund giant Fidelity. Source
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| Dow Jones launches wealth management system | ||
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Dow Jones & Company today announced the launch of Dow Jones Wealth Manager, an innovative solution developed in a strategic alliance with Client Dynamics. In conjunction with the product launch, Dow Jones is releasing a white paper: "Capturing the High-Net-Worth Investor: The Client-Centric Solution for Winning Market Share Today." Dow Jones Wealth Manager enables financial advisers to build deeper relationships with clients and prospects through meaningful communication, and assists firms in increasing total assets under management. The solution is designed so that advisers use their knowledge of their clients' goals and interests to generate thoughtful reasons for calls and e-mail. Source
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| CBOT steadily losing bond traders | ||
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The room at the Chicago Board of Trade (CBOT) is enormous, a trading floor that could hold a Boeing 747, with a giant TV screen and wall-to-wall electronic tickers flashing prices, economic data and the latest news. But the 'bond room' for financial futures, all 60,000 sq ft of it, the world's largest trading arena, is losing one vital feature: traders. With the rising tide of electronic, screen-based trading sweeping over the world's futures industry, the once-tumultuous room has seen a reluctant but steady migration of traders seeking new opportunities as the order flow for Treasury bonds and other financial futures contracts passes them by. Source
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| European fund companies lag U.S. rivals in cost cutting (JP) | ||
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According to the International Herald Tribune (Bloomberg) the money management units of Credit Suisse Group, ABN AMRO Holding and Barclays are among European fund companies needing to cut costs more to match the profitability of U.S. companies, according to a recent report by Morgan Stanley in London. Credit Suisse had an operating margin of less than 20 percent in the fourth quarter last year, compared with an average of about 35 percent for U.S. companies, the report said.
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| London Stock Exchange, Euronext in turf war | ||
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A turf war has broken out between the London Stock Exchange and the stock market operator Euronext as the two companies draw up plans to start trading shares usually on each other's markets. Source
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| UK pension funds embrace alternatives | ||
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The FT reports how Hedge funds, private equity, property - these investments traditionally branded "alternative" are fast becoming part of the mainstream thinking for pension funds and other big investors.Last year, Greenwich Associates, the US consultancy, found that just 2 per cent of UK pension funds and other institutional investors allocated assets to hedge funds. This compared with 16 per cent in continental Europe and 20 per cent in the US. Source
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| Another view: Hedge industry `inherently unstable` | ||
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According to IPE.com, the incoming chairman of the National Association of Pension Funds’ investment council, Chris Hitchen, says the hedge fund industry is “inherently unstable”. “However, we must also bear in mind that the hedge fund industry is inherently unstable, because it uses leverage and seeks to generate long-run returns with short-term horizons (at the expense of other marketplace players),” Hitchen said in an article, writing in his capacity as managing director of Railpen Investments. Source
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| Arab Capital Markets, online openness and transparency | ||
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This week AME Info has launched a new service 'Arab Capital Markets' which offers instant, online access to share price information on 10 Arab stock exchanges, and profiles of every listed company on these markets. Source
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| HK adviser to try out M&A arbitrage | ||
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Pacific World Asset Management, a Hong Kong-based fund of hedge funds adviser, plans to launch a merger arbitrage fund that will use Paulson & Co, a $2.5bn US-based hedge fund, as its trading adviser. Source
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| gaim 2004 - ICBI`s 10th Annual Global Alternative Investment Forum | ||
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8-10 June 2004, Lausanne,
Switzerland - only 35 minutes from Geneva
With 1200 attendees in 2003, Gaim 2004 is the largest global hedge funds event around. Gaim is also known for its extensive and objectively researched programme to find the very latest and most successful talent in the industry. Over 200 speakers are on the 2004 programme - including Cutting-Edge Academics & Leading Thinkers, The Most Significant & Groundbreaking Institutional Investors, The Most Successful FOF And Multi-Manager Houses, Leading Economic Strategists, and Over 100 Of The World's Top Performing Open, Emerging & Established Hedge Fund Managers, some of which you will never have seen anywhere else! To enhance your learning & networking opportunities there are several new features for 2004 including:
Contact ICBI: +44 20 7915 5103, or email info@icbi.co.uk, website: www.icbi-gaim.com 
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| Private Equity and Venture Capital: SuperReturn USA April 27-29 | ||
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Millennium Broadway, New York City Meet the industry's most respected leaders at SuperReturn USA, where you'll learn winning strategies for creating value and maximizing returns in the rebounding private equity and venture capital landscape. Private Equity Investments require a long-term commitment, and the decision making process required in selecting vehicles, managers and funds should be extensive. At SuperReturn USA, you will make the right contacts and learn what you need to know about investing in Private Equity! Our Keynote speakers head the top Private Equity Firms worldwide. Hear what they have to say about investing in the current private equity marketplace:
"Invaluable insights from the important movers and shakers in the industry"
Charles Froland, General Motors Investment Management
Don't miss your chance to gain the information you need to keep abreast of private equity and venture capital developments and trends. |
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| Hedge Funds World 2004 29 - 30 March, Grand Hyatt, New York | ||
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Quality opinion - quality content
Hedge Funds World 2004 is designed around a series of panels - not just a load of theory; it will be about questioning the issues and structures, to create a more practical and efficient learning experience. The conference will address the key issues in the industry today that are crucial to investment success for tomorrow:
Debate with industry leaders and introduce new ideas - a perfect event to learn from and contribute to the hedge fund investment industry.
Don't be left behind, register today by calling +44 (0) 20 7242 2324, email to wendy.tay@terrapinn.com or register online now! Important: Please state *Opalesque subscriber* in your correspondence to get your 10% discount. Hedge Funds World 2004 is proudly sponsored by: Banif Investing Banking Å BNP Paribas Å Cargill Investor Services Å Chicago Board of Trade Å Cornell Theory Center Å Dundee Leeds Å Eurex Å Fortis Prime Fund Solutions Å Fulcrum Limited Å Hunter & Hunter Å Walkers And endorsed by: Hedge Funds Association Å Managed Fund Association Å The National Association of Investment Fiduciaries 
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| European Hedge Fund Congress April 6 & 7th - 10% discount | ||
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Around 200 institutional Investors and Family Offices from Western and Eastern Europe will be meeting high ranking representatives from the hedge fund and financial community at the premises of Porsche in Leipzig to discuss portfolio diversification with hedge funds. Among the speakers:
The European Hedge Fund Congress will provide the guidelines, and highlight products and solutions provided by the European alternative investment community through institutional investor case studies and workshop sessions. Delegates will have the opportunity to explore hedge fund strategies hands on, and to discuss applicable structures and vehicles with industry professionals. We invite you to join us at the Porsche Factory in Leipzig, Germany for two days of networking and discussions about the rapidly-changing European Hedge Fund Industry, as we explore the future of this emerging global investment paradigm. The Porsche factory - where the new super sportscar Porsche Carrera GT is built - may be visited. On April 7th Porsche invites to testdrive Porsche 911, Boxter or the new Cayenne on the Porsche Driving Court. Register NOW by calling tel: +49 341 355202-33, e-mail: s.rosenkranz@ombiasy.com 
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| New York City Hedge Fund Reception at the NYMEX March 30th 2004 | ||
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Global Capital Acquisition is very pleased to announce the first NYC Hedge Fund Reception of '04 to take place at the world center for commodity training, The New York Mercantile Exchange (NYMEX). The colossal NYMEX trading facility will serve as the backdrop for a program of impactful and informative speakers. The speakers will be followed by a live trading pit simulation and cocktail party with hors d'oeuvres. We also plan to employ one of the trading pits for a live auction to help raise money for charity. This reception will also serve as the closing cocktail party for the upcoming Terrapinn Hedge Fund World 2004 Conference to take place on the 29th and 30th at the Hyatt Hotel, NYC. Tour Busses will be available at 6:00 PM in front of the Hyatt Hotel at 42nd Street to whisk the guests to the NYMEX and provide a free tour Big Apple Tour on the way. |
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| Hedge Funds World Germany - 10% discount for all subscribers | ||
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Leverage Germany's outstanding hedge funds potential at Hedge Funds World Germany 2004!
29 - 31 March 2004, Frankfurt, Germany
Meet the next hedge fund managers and German investors at Hedge Funds World Germany 2004! Top-level speakers include:
Register NOW by calling tel: +44 (0) 20 7242 2324, e-mail: naheed.sharmin@terrapinn.com or register online here. Please state *Opalesque subscriber* in your correspondence to get your 10% discount.
Hedge Funds World Germany 2004 is sponsored by: |
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| Advertise in this newsletter | ||
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Opalesque Ltd.
+49-89-512668-68 This newsletter is edited by Matthias Knab (MK) for Opalesque Ltd. For more information about me and Opalesque Ltd. please use this link. Jeff Posner (JP), a Chicago based PR specialist and free lance writer focussing on the financial industry, is a contributing editor of this newsletter. He can be reached at Geoffp7@juno.com. Did you know? Opalesque is giving you free access to the newsletter archive - use this link. Disclaimer: The information contained in this newsletter
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