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...As well as a gallery of international hedge funds and money managers, it included more than half a million ordinary investors in places such as Italy....
...The chart is from a new Goldman Sachs report on the UK Debt Management Office’s strategy (published last week, before the PAC report)....
...(zoomable version) As a result, more fund managers say that they are taking on extra risks....
...“I’m not saying it’s good but in America you have a lot of AI and no regulation, in Europe you have no AI and a lot of regulation. It’s interesting,” he added....
...their business, this looks like the SEC sending out a pretty clear warning....
...As a result, we expect new office investment to remain sluggish in the next few years, resulting in a 0.2pp drag on fixed private investment growth, which will only be offset modestly by a 0.05pp boost from...
...Just to stress, this isn’t because fund managers are bad or lazy (though they do charge far too much, creating a rod for their own back)....
...This model allocates capital across lots of independent portfolio manager ‘pods’....
...They are typically managed by an external manager and, like REITs, distribute most of the their earnings to shareholders....
...Instead, many asset managers have embraced direct indexing — when individual investors create their own bespoke benchmarks — by either constructing their own custom indexing platforms or simply buying a...
...In typical severe selloffs, most funds’ investors are likely to lose less money than outright equity investors would, and their portfolio managers are not likely to make major changes to portfolio structure...
...Whatever way you slice it, even ordinary investors today have access to more, better and faster information on a broader swath of the US stock market than even the mutual fund star manager of the 1980s could...
...The decline in average assets under management weighed on operating profits, but Pimco’s portfolio managers seem to be firing, having nearly doubled the performance fees the asset manager earned from investors...
...Robin Huang, a law professor at the Chinese University of Hong Kong....
...Hedge Fund Shorts Working as Fed Cut Expectations DeclineFrom late October through the end of 2023, highly shorted companies outperformed their peers, a challenging environment for hedge fund managers....
...For bigger fund managers the equity market becomes a Hotel California where you can’t check out (at least not without burning the joint to the ground on the way out)....
...Flows into passive funds may indicate that a net supply of “alpha” has diminished and that, consequently, outperformance will become even harder for active managers....
...After all, measuring an entire economy’s output is a very difficult task, even today. Just ask the UK’s Office for National Statistics....
...While large hedge funds have relationships with multiple offices — say, in London, Hong Kong and New York — the Goldman Sachs, Morgan Stanley and JPMorgan trio dominate the rankings....
...Dealers don’t “believe” in crystal meth, they’re just supplying something people will pay a lot of money for. If it was legal, you could probably tweak at your local wealth-management office....
...I almost kind of feel bad for the Office of Chief Economist because they’ve been handed this like pile of (expletive)....
...Growth managers....
...Beyond the obvious and well-documented challenges of being a very traditional active asset manager in a world that mostly loves alternatives and passive funds, Franklin also has a rep for being a bit old-fashioned...
...Yes, he said to the ruling Council, he would hold office if voted in, but for no more than a decade....
...Even without a flameout à la Woodford, retail investors aren’t quite as easily enamoured by star managers as they used to....
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