• Cover pictureJune 2010

    There has been much talk about consolidation in the hedge fund industry. But until recently only the occasional transaction had taken place. Suddenly, however, the deal flow has become significant. More than one hedge fund manager has remarked that 2009 was essentially a year of recovery and restructuring across the sector. Now it seems that 2010 could be the year of the deal.

    In this issue, Contributing Editor Hamlin Lovell documents Tomorrow’s Titans. This survey, sponsored by Ernst & Young, pulls together 40 leading hedge fund managers whom we expect to set the pace in investment management during the next decade. We also have an exclusive interview with legendary investor Martin Hughes, the founder and chief investment officer of Toscafund, about the steps the firm has taken to prepare for its next phase of growth.

  • Cover pictureMay 2010

    Changing investor priorities continue to underline the evolution of structures in the hedge fund industry. As institutional investors allocate more assets to absolute return funds and other alternative assets, the need for better terms on transparency, regulation and liquidity from hedge fund managers will grow. The response to these demands will vary for both offshore and onshore funds. For now, however, UCITS III absolute return funds look to be an area of strong growth.

    In this issue, our sister publication UCITS Hedge offers valuable guidance to this emerging sector via the green bordered pages in the centre of the magazine. The UCITS Hedge-Tomlinson Index experienced a true month of two halves in April but managed to end the period up 0.69%. See the April Performance Update for the latest component indices and commentary. We also have an interview with Deutsche Bank’s UCITS managed account platform team.

  • Cover pictureApril 2010

    It is possible that the outcome of the May 6 UK general election will help to backstop London’s future as an alternative investment centre. Yet regardless of who wins, it is understandable and likely that other, very pressing, financial priorities will occupy the incoming government’s attention. Against this backdrop, it is heartening to recall that the UK hosts the dominant cluster in the global managed futures sector. Even with the departure of Leda Braga and her systematic team at BlueCrest to Geneva, London remains the home of Man Group affiliate AHL as well as Winton Capital and a host of mid-sized players such as Aspect Capital. These firms and dozens of other players have thrived during the financial crisis as investors embraced their non-correlated, liquid trading strategies. Our cover feature looks at this and at some new CTAs, notably Quantitative Investment Management in the US. Elsewhere, we hear from portfolio manager Galia Velimukhametova about the opportunities that the GLG European Distressed Fund is offering investors at this point in the credit cycle.

  • Cover pictureMarch 2010

    Our cover feature shifts the focus across the Atlantic. The Second Edition of our US50, published in association with Newedge Prime Brokerage Group, has eerie parallels with our mid-2008 survey. The top two firms by assets – JPMorgan Asset Management and Highbridge – still occupy those lofty slots and were among a select few to boost AUM since the last survey. Even with the rebound of 2009, however, the threshold to be in the US50 fell to $6.5 billion from $9 billion in our inaugural ranking. We also look into one of the big success stories in the hedge fund industry: BlueCrest Capital Management. Its skilful combining of discretionary and systematic trading strategies in a straightforward risk management framework has generated handsome returns and attracted new investors. Our interview with Andrew Dodd, the chief financial officer, sheds light on both this and the attributes of the AllBlue multi-manager fund.

  • Cover pictureFebruary 2010

    In our February 2010 issue, with support from PricewaterhouseCoopers, we have conducted a survey to chronicle and celebrate 50 Leading Women in Hedge Funds. Contributing Editor, Philippa Aylmer, spearheaded our global survey of talent and accomplishment among women in hedge funds. We think the package offers highly engaging reading for people across the hedge fund industry. Elsewhere, Consulting Editor Simon Kerr reports on Credit Suisse and its unique approach to investing in insurance linked strategies. In addition, we feature a close look at the investment strategy of ATP, the Danish state pension fund, as it looks to begin allocating to external hedge fund managers.

  • Cover pictureJanuary 2010

    Looking into 2010, one area that is bound to see growth is fund launches. Hedge Fund Research data shows that launches bounced slightly in the third quarter of 2009. There is anecdotal evidence that more new funds were being planned even before Chancellor of the Exchequer Alistair Darling (followed by his French counterpart Christine Lagard) unveiled a one-time surtax on bankers’ bonuses. With all launches needing seed capital it is a good time to take a close look at the seeding arm of Financial Risk Management, FRM Capital Advisors. Elsewhere, we include a series of year-end interviews featuring analysis from leading industry figures of what’s gone before and what is on the horizon for hedge funds in 2010.

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