Financial Times Mandate articles from November 2008

Financial Times Mandate archives from November 2008

Analysis: Managers retain faith in emerging economies.
November 1, 2008... Byline: Martin Steward With emerging market equities losing half their value over the last 12 months, long-term bulls are touting a buying opportunity. What is more surprising is that many cling to the "decoupling" theory to make the case....

Analysis: Anticipating obama's economic policy.
November 1, 2008... Byline: Henry Smith As Barack Obama waits to be inaugurated as the forty-fourth president of the US, some fund managers fear he will enact protectionist measures which could hit the fortunes of companies which trade with America. ...

Analysis: Market analysis - Europe.
November 1, 2008... Byline: Cesar Perez In Europe, consumer and business activity is clearly on a downtrend, with those countries that had thrived on low interest rates bearing the brunt of the slowdown. With the largest economies in the region, France and...

News in brief.
November 1, 2008... European Institutional Investors have slowed diversification into other regions' equity and bond markets, but are ready to continue in less volatile times, according to Greenwich Associates. Twenty per cent will allocate substantially more to...

Analysis: Market analysis - North America.
November 1, 2008... Byline: Andrew Tunks A temporary spell of optimism fuelled by a combination of tax rebate payments in the US and falling oil prices came to an abrupt end as the bankruptcy of Lehman Brothers was followed by bailouts of a number of large...

Analysis: The way forward for hedge funds.
November 1, 2008... Byline: Henry Smith FT Mandate readers are invited to attend the Hedge Fund Insights Series 2008, which will address the future of an industry rocked by a wave of redemptions, reduced leverage and heightened liquidity and counterparty...

Analysis: Hedge funds facing job cuts.
November 1, 2008... Byline: Henry Smith The huge wave of capital redemptions hitting hedge funds could spell good news for those clients who grit their teeth and stay invested in alternative assets. According to Lloyd Raynor, a consultant at Russell...

Analysis: Market analysis - South America.
November 1, 2008... Byline: Daniel Eustaquio On October 21st, President Cristina Fernandez de Kirchner of Argentina announced the intention to eliminate the system of privately-managed pension funds and to merge these into the government-run pay-as-you-go...

Analysis: Outflows may boost equities.
November 1, 2008... Byline: Henry Smith As hedge funds continue to suffer large-scale capital redemptions, asset managers are confident that much of this cash outflow will find its way into long-only equity funds. "It's too early to see if this is the...

Analysis: Market analysis - Asia Pacific.
November 1, 2008... Byline: John Cleary The world economy is in turmoil and global growth is slowing. However this year will be one of the most important years in China's history. The Beijing Olympics was a worldwide showcase for what China can achieve. With...

Analysis: Central counterparty will reduce OTC risk.
November 1, 2008... Byline: Nat Mankelow Institutional investors have called for greater transparency, increased standardisation and more accurate valuation for over-the-counter (OTC) derivatives as they begin confirming their liability-driven investment...

Comment: Leader - Will Obama put protectionism first?
November 1, 2008... Byline: Henry Smith - Editor Barack Obama, America's President-elect, takes office in January with a firm mandate for change. While expectations are high among those who voted for the Democratic candidate, some fund managers claim that Mr...

Comment: The Consulting Room - Making the right moves.
November 1, 2008... Byline: Robert Brown The events gripping global financial markets have significant implications for pension funds. As long-term investors, funds are rarely forced to react to short-term events. But current events require them to act on a...

Comment: The Bender Agenda - Natixis follows global vision.
November 1, 2008... Byline: Yuri Bender - Editor in chief Despite losing nearly E50bn in market value during the current financial crisis, assets managed by Natixis Global Asset Management are holding relatively firm. With more than E560bn under management,...

Comment: Soapbox - The responsible way forward.
November 1, 2008... Byline: Bozena Jankowska In the face of a global financial crisis and a deteriorating macroeconomic climate, there are many questions for long-term investors to consider in relation to environmental, social and governance responsibilities...

Interviews: The chief - Funding the way out.
November 1, 2008... Byline: Nat Mankelow Another day, another bond auction held at the UK government's Debt Management Office, now one of the most pivotal players in the ongoing global financial crisis. The eventual recovery of the money markets is...

Interviews: FTM interview - Joined-up thinking.
November 1, 2008... Byline: Martin Steward The FTM Interview usually features a single industry figure. But when FT Mandate paid a visit to $24.5bn (E19.26bn) private equity fund of funds Pantheon Ventures it was given the opportunity to grill an entire...

Features: Cover story - Prime brokerage - Changing relationships.(Company overview)
November 1, 2008... Byline: Henry Smith The dramatic downfall of Bear Stearns and Lehman Brothers and ensuing collapse of the pure investment bank or broker-dealer model in the US has further jolted a global hedge fund industry already reeling from the impact...

Features: Strategies - Government debt - Finding value in government debt.
November 1, 2008... Byline: Nat Mankelow Uniformly poor economic fundamentals and depressed equity markets across Europe and the US have seen institutional investors pile into safe-haven government securities, especially short-dated US treasuries and short...

Features: Strategies - Funds of hedge funds - Heading in the right direction.
November 1, 2008... Byline: Martin Steward If you started investing in hedge funds in the 1970s, you'll know that variations on long-short equity and global macro - with iconic names like Soros, Steinhardt and Robertson - were pretty much the only games in...

Roundtable: Special report - Transition management - Mitigating the risks of volatile markets.(Discussion)
November 1, 2008... The roundtable panel Henry Smith - Editor, FT Mandate Tim Wilkinson - MD, Global Head of Citi Transition Management Alick Stevenson - National Association of Pension Funds representative, T-Charter Steering Group Ben Gunnee -...

Special report: Transition management - Managing to control risk.
November 1, 2008... FT Mandate: How has the credit crunch affected transitions? Chris Adolph: The credit crunch has led to increased volatility and decreased liquidity, especially in the corporate bond market, where spreads and yields are a multiple of what...

Features: Strategies - Exchange-traded funds - Etf platform - Offering the complete range.
November 1, 2008... Byline: Nat Mankelow The current economic turmoil is opening up unprecedented opportunities for the ETF industry. Early generation equity ETFs, which were pure passive plays based on major indices, have given way to what the market...

Features: Strategies - Algorithmic trading - Algorithms battered by the perfect storm.
November 1, 2008... The exceptional volatility of recent weeks and months have really tested the algorithms and their infrastructures. But they have held up well. What can we expect in the future? Is this market going to stay like this and what does it mean for...

Performance: US mid cap equities - Fund performance overview - Negotiating a minefield.
November 1, 2008... Byline: Martin Steward "I started managing money in 1974," says Thomas Perkins of Perkins, Wolf, McDonnell & Co, the Janus Capital-owned boutique that manages the Janus US Strategic Value Fund. "I used to like to tell younger folks that...

Technology: Custody specialists - Custodians looking to change their role.
November 1, 2008... Byline: Martin Steward It was probably always the case that securities servicing and custody specialists looked with some envy on the prime-brokerage margins that often outstripped theirs by 15 or 20 times. But 12 months ago, although...