Investors redeem again in October - eVestment... [more]Bailey McCann, Opalesque New York: Investor redemptions from hedge funds in October outpaced new allocations for the second consecutive month resulting in a slight net outflow of $2.9 billion, according to the latest asset flows data from eVestment. The industry has not had two consecutive months
Gross: Inflation is required to pay for prior inflation... [more]Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to
Claren Road clients said to pull $1.9bn from funds... [more]From Bloomberg.com: Claren Road Asset Management LLC’s clients asked to pull about a quarter of the firm’s $7.3 billion in assets after it posted its biggest monthly loss in October on Fannie Mae and Freddie Mac investments, said two people familiar with the firm. The hedge fund firm, which is major
Are Asian pensions biting off more than they can chew?... [more]From Asianinvestor.net: Spurred by low yields and rising liabilities, Asia’s pension funds aim to significantly increase investment risk and insourcing, but have unrealistic expectations of their ability to do so, found a State Street survey.
Talent would likely be hard to come by, and funds s
Europe - Hedge funds face exit tax as Iceland central bank discusses plan... [more]From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca
Asia - Rich values, poor rules dog Hong Kong-Shanghai stock volumes... [more]From Reuters.com: Profit-taking and queasiness about the rules blighted trading via the Shanghai-Hong Kong stock connect this week after a brisk first day when mostly hedge funds and private banks snapped up all the available mainland shares within hours.
The scheme, which lets foreign investo
…And Finally - Woman sues Peppa Pig over name shame... [more]From Orange.co.uk: Peppa Pig is being sued by an Italian woman who claims she was "teased" after an episode featured a baby goat with her name.
Gabriella Capra wants £80,000 damages from the cartoon makers after claiming she became an "object of scorn" after the episode “Italy.”