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Reuters – The days of hedge funds as a red-hot asset class may be cooling, according to a new survey released by fund research firm Morningstar on Monday.
Nearly half of all financial advisers who help wealthy people invest their money said they expect hedge funds to become somewhat less or much less important in clients’ portfolios in the next five years. Among institutional clients like pension funds, 37 percent of those polled said they expect hedge funds to become somewhat less or much less important.
Wealthy investors and pension funds helped hedge fund industry assets double to $1.7 trillion in the last three years, but recently the loosely regulated portfolios have disappointed investors with their worst-ever returns.
Bloomberg – Van Biema Value Partners LLC, led by a former Columbia Business School professor, started a new fund to invest in Asian hedge funds while plunging markets and client withdrawals force rivals to scale back investments.
The Cayman Islands-domiciled van Biema Asia Value Fund Ltd. started on Aug. 1 with about $215 million from one of the company’s institutional clients, van Biema said in a statement issued through PR Newswire yesterday.
“Our niche, the value discipline, has demonstrated, over the long term, significant outperformance over market benchmarks,” the statement said.
Michael van Biema, who taught finance subjects including value investing at Columbia Business School from 1992 before founding his partnership in 2004, started the Asia fund as market declines and the worst hedge fund performance in 19 years force other funds of hedge funds to reduce investments and switch to cash to cope with investor redemptions.
West Palm Beach (HedgeCo.net) – Hedge fund advisor Edge Capital Partners, LLC has launched a new website (www.edgecappartners.com) highlighting the firm’s offerings in the areas of asset allocation strategies, benchmarked investment options, corporate mergers and acquisitions and finance strategies, wealth management and individual portfolio management.
Designed by Glick Interactive, the Edge Capital Partners new website decribes the firm’s culture and goals. "(our firm) is built on providing unbiased wealth management solutions. Our goal is to elevate the standards of wealth management and use our website as a tool to communicate our firm’s values in this challenging global market environment,” said Partner J. Peek Garlington III.
Edge Capital Partners, LLC is a provider of wealth management and investment advisory services to a select group of high-net-worth and institutional clients globally. Seasoned advisors understand the challenges of creating solutions that match clients’ unique and evolving needs and work in unison with clients, their advisors and accountants to capture, generate, and implement all points of strategy and service.
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