Leveraged loans are the senior-most debt obligations of non-investment grade corporate borrowers and are an attractive source for uncorrelated returns, argue David Frey and Julian Qin, of Highbridge Principal Strategies.
In defence of hedge funds of funds
Funds of funds, particularly hedge funds of funds, have suffered outflows in recent years as pension funds reassessed their cost alongside risk and return characteristics. The conventional wisdom is that all types of FoFs are at death’s door.
Ethics differentiate us: CFA Institute
The certificate one gets upon qualifying as a Chartered Financial Analyst (CFA) is so large that, apparently, only one printer in the world is set up to produce it.
The big issues for pension funds in 2011
Mercer Investment Consulting has published its predicted top trends for pension funds in 2011. With continued economic uncertainty around the world, Mercer expects further tight credit markets, a re-evaluation of the equity risk premium, concern about currency risk, and further allocations to emerging markets.
Cambridge to lift Asian presence with Beijing office
Cambridge Associates, the US-based asset consultancy, is to open a Beijing office – its third office in the Asia Pacific region – and is sending a private equity specialist there from London.
As themes take hold: the trick is not to pay too much
Thematic investment strategies are easy enough to understand but not so easy to implement. The curse of the thematic manager is the curse of overpaying.
