Investors are watching conflict in the Middle East closely as inflationary pressures begin to build beneath the surface. One of the challenges for many investors is reduced exposure to the hedging benefits of fossil fuels in listed, and private markets.
As institutions take over from high-net-worth individuals and family offices as the main investors in hedge funds around the world, those hedge fund managers, too, are becoming institutionalised. This is not always a good thing for investors.
Fee comparison between hedge funds and private equity is riddled with complexity, but a research paper by specialist alternative consulting firm, Cliffwater – that weighs outcomes by their likelihood of occurrence – finds a fee cost for the typical hedge fund equals 32 per cent of gross profits, while for private equity it is 25
The $72 billion Ohio Public Employees Retirement System is looking for an investment consultant to advise on its $10 billion alternatives program, and is considering whether to hire separate consultants for each asset class or one consultant to advise on the entire program.
As investors faced a “multi-speed world” in which uncertainty about the US and European economies contrasted with emerging markets’ rapid growth, they should not be misled by short-term signals from the markets, said Mohamed El-Erian, CEO and co-CIO at PIMCO.
Style is not really the forté of the Swiss so it may come as no surprise that the London arm of Swiss investment bank UBS got itself into a pickle after it published a 44-page dress code for employees late last year.
This article by Dubravko Mihaljek and Frank Packer from the Bank for International Settlements, reviews the derivatives market in emerging market economies, attempting to answer some basic questions such as how big the market is, who trades, which derivatives are most traded and how it differs from mature markets.
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