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FoHFs see strong first quarter, says S&P’s

Funds of hedge funds delivered all positive returns, according to Standard & Poor’s Fund Services’ latest update on the sector.

S&P’s says the most standout performances were those biased towards equity-related strategies. It cited special situations, merger arbitrage and long/short equity hedge as impressive classes, saying they benefited from buoyant merger and acquisition activity around the world.

Standard & Poor’s lead analyst Randal Goldsmith said although the M&A trend is not as fundamentally based as three years ago when it was backed by strong balance sheets and low valuations, it now has more momentum behind it.

Goldsmith says: “Equity and related strategies are being well rewarded although there is more risk of confidence suddenly disappearing. On the other hand, credit is tightly priced and exposed to the risks but does not share fully in the upside.”


Beacon appoints Collins as compliance manager

Beacon has announced the appointment of Bruce Collins to the role of group compliance manager. Collins will be responsible for integrating the compliance framework within the companies and delivering compliance services in all areas of the Beacon Group.Bruce previously worked as head of compliance at MDNationwide and Bananas Inc, was involved in the design and […]

Day of the Mifid

For reasons that are perhaps entirely under-standable, many of our member firms have found it difficult to work up even the remotest interest in the Markets in Financial Instruments Directive.

All credit to Suisse

It is fair to say I have been particularly outspoken in my criticism of the debacle at Credit Suisse. During my 23 years in financial services, I have never seen a group of Credit Suisse’s stature implode quite so spectacularly. The failure of upper management to understand the UK retail market and take heed of […]

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]


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