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Investors should look to funds of hedge funds, says S&P

Funds of hedge funds are a good proposition for investors looking for long-term investment returns without excessive risk, according to Standard & Poor’s Fund Services.

S&P says fund of hedge funds have been very successful at protecting investors from significant losses and S&P-rated funds of hedge funds have generally delivered positive returns during the first half of this year.

S&P fund analyst Randal Goldsmith says: “Our rated fund of hedge fund managers have done well so far this year despite the turmoil in equity and fixed income markets. Examples of funds of hedge funds, as opposed to individual hedge funds, getting into trouble are extremely rare.

“A number of the funds we rate have invested in short-biased credit funds, which have benefited from falling values in the US debt markets – Thames River, Absolute and RMF are some examples.

“They have generally maintained or increased their exposure to short-biased credit, which should see them continuing to do well in the more turbulent market conditions of the second half of the year.”


Broker talkback

Are you considering selling your business to avoid the impact of the RDR?No 100%No “We are not quite sure which way we are going yet but we will not be selling up although I think there will be plenty of people who will.”Michael Brill, Baronworth Investment Services No “We are in it for the long […]

Barclays changes terms following FSA investigation

Barclays has changed Woolwich terms and conditions which the FSA has deemed unfair under the Unfair Terms in Consumer Contract Regulations 1999.As part of these regulations, the regulator has notified the Office of Fair Trading which has a duty to publish the details of these undertakings. Barclays has deleted the following term from its new […]

Level crossing

The Revenue has confirmed the tax position of scheme pensions

Pensioners have a total debt of £57bn

The total nationwide debt held by those in retirement is £57bn according to the Scottish Widows UK Pensions Report 2007.The report found that one in five retired homeowners in the UK have an outstanding mortgage on their home with an average debt of £38,000.One in eight owe more than £50,000 which makes the total debt […]

Mothers missing out on millions

By Steve Webb, director of policy and external communications The ninth Royal London Policy Paper discusses how thousands of mothers are missing out on state pension rights when they don’t have to Earlier this month we published the ninth Royal London Policy Paper, entitled ‘Mothers Missing out on Millions’. It focuses on the thousands of mothers […]


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