Tag Archives: asset

Mizuho Global Sees $2 Billion as Japan Pensions Seek Hedge Funds

 

Mizuho Global Sees $2 Billion as Japan Pensions Seek Hedge Funds

Mizuho Global Alternative Investments Ltd., which introduces hedge funds to Japanese investors, expects assets to reach $2 billion by the end of the business year, reflecting demand from local pensions.

The unit of Japan’s third-largest bank by market value raised $1.7 billion by the end June that it placed with global alternative asset managers that offer funds that invest in bank loans and multistrategy hedge funds, Chief Executive Office Manabu Ando said in an interview in Tokyo. It plans to offer other alternative investments such as private-equity and infrastructure funds by the end of this fiscal year in March 2014, he said.

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Hedge fund assets hit $2.4 trillion — Hedge Fund Research

Hedge fund assets hit $2.4 trillion — Hedge Fund Research

Hedge funds toppled another record high point when industry assets totaled $2.4 trillion as of June 30.

Aggregate hedge fund assets were up 1.2% from March 31, 7.2% from Dec. 31 and 20.3% from Dec. 31, 2011, according to Hedge Fund Research’s second-quarter 2013 asset flows report.

Hedge fund industrywide assets have been climbing every year after hitting a nadir of $1.4 trillion at the end of 2008, HFR reported.

Net inflows in the second quarter were $14.5 billion and $15.2 billion in the second quarter. Midyear total net inflows of $29.7 billion were higher than first-half net inflows in 2012 of $20.4 billion.

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Report: Hedge fund industry growth stagnant as larger players dominate

Report: Hedge fund industry growth stagnant as larger players dominate

Elite hedge fund titans are having a tough time maintaining star status in the investing world.

The hedge fund business is growing at a slower pace with fewer, larger players in the market, according to a Barclays report on Monday. Assets under management are hitting an all-time high but fewer hedge funds are being launched, an indication of the industry’s maturation.

Hedge funds are seeing fewer funds flowing in and growth is now being driven primarily by market share, said the report.

–– Net inflows now represent 2 – 3% of the industry assets under management vs. 11% pre-2008.

–– Managers with more than $5 billion in assets under management control two-thirds of all industry assets (up from 56% in 2008).

–– Turnover among the Top-20 managers has historically been very high, pointing to difficulty in staying at the top.

–– The Top-20 share of industry assets under management has declined since 2008.

“Hedge fund managers looking to grow their assets under management today can no longer take inflows for granted,” said Harry Harrison, head of prime services, rates, securitized products and municipals trading at Barclays. “This challenging capital raising environment requires them to have a clear growth strategy involving the choice of a business model that supports their growth ambitions.”

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“Dude, I owe you big time!… I’m opening a bottle of Bollinger”: The Rotten Heart of Finance?

As the mystery of LIBOR begin to unmask, it aroused more and more attention from the public. Expert from the Economist.com gives a detailed report today on this specific topic.

THE most memorable incidents in earth-changing events are sometimes the most banal. In the rapidly spreading scandal of LIBOR (the London inter-bank offered rate) it is the very everydayness with which bank traders set about manipulating the most important figure in finance. They joked, or offered small favours. “Coffees will be coming your way,” promised one trader in exchange for a fiddled number. “Dude. I owe you big time!… I’m opening a bottle of Bollinger,” wrote another. One trader posted diary notes to himself so that he wouldn’t forget to fiddle the numbers the next week. “Ask for High 6M Fix,” he entered in his calendar, as he might have put “Buy milk”.

What may still seem to many to be a parochial affair involving Barclays, a 300-year-old British bank, rigging an obscure number, is beginning to assume global significance. The number that the traders were toying with determines the prices that people and corporations around the world pay for loans or receive for their savings. It is used as a benchmark to set payments on about $800 trillion-worth of financial instruments, ranging from complex interest-rate derivatives to simple mortgages. The number determines the global flow of billions of dollars each year. Yet it turns out to have been flawed.

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Jamie Dimon to Appear Before Senate Panel on June 13

Reuters/Keith Bedford

Reuters – By Dave Clarke  May 31, 2012

(Reuters) – JPMorgan Chase and Co Chief Executive Officer Jamie Dimon will testify before the U.S. Senate Banking Committee on June 13 to discuss the bank’s recent trading losses, the committee said on Thursday.

The committee had previously asked Dimon to appear on June 7.

“June 13 is the only date in June that works for both the Senate Banking Committee and Mr. Dimon,” the committee said in a statement.

Earlier this month, JPMorgan said it had suffered at least $2 billion in losses from a set of trades that the bank said were meant to hedge risk, but that some analysts and critics say look more like speculation.

To read the full article please click here.

Indian Hospitals Lure Private Equity as Demand Surges

Bloomberg News – By Adi Narayan and Ruth David – May 28, 2012

Indian hospitals are admitting more than just patients.

Private equity funds such as Sequoia Capital and Advent International Corp. are buying stakes in hospitals in the South Asian nation, lured by a market that’s forecast to reach more than $80 billion in revenue in 2015.

“If you want to deploy capital in India, health care is a nice area to be in,” Abhay Pandey, a managing director at Sequoia’s India unit, said in an interview. “It has lesser regulatory issues and usually no governance issues. Most of the investment is going after a very large, untapped market.”

Pankaj Nangia/Bloomberg

Private equity firms are set to invest the most in Indian hospitals in at least six years in 2012, according to Chennai- based Venture Intelligence. There were 12 investments in hospitals, clinics and drug makers totaling $527 million so far this year, almost double the $287 million in 2011, the researcher said. Sequoia, the fund that backed Google Inc. (GOOG), said this month it paid 1 billion rupees ($18 million) for a stake in Moolchand Healthcare Ltd., a New Delhi hospital operator which plans to add fertility clinics and medical centers.

To read the full article please click here.

Breaking News: Reuters Reports Facebook, Banks Sued Over Pre-IPO Analyst Calls

(Reuters) – Facebook Inc and Morgan Stanley, the lead underwriter of social networking company’s IPO, were sued by shareholders who claimed the defendants hid Facebook’s weakened growth forecasts ahead of its $16 billion initial public offering.

Reuters/Thomas Hodel

The lawsuit, which also targeted underwriters JPMorgan Chase and Goldman Sachs among others, comes as Facebook and the banks that took it public face many questions about the IPO process, which culminated in a May 18 stock market debut plagued by technical glitches.

Facebook shares fell 18.4 percent from their $38 IPO price in the first three trading days. In early afternoon trade on Wednesday, Facebook shares were up 2.5 percent at $31.78.

To read the full article from Reuters please click here.