Each business day HedgeCo.Net keeps you informed with the top hedge fund industry news, opinion and insight from around the globe. From the latest hedge fund launches, to the impact of regulation, competition, and investor activism - we track the topics and people that make a difference to you.
Barbados Advocate – There is a need for stock exchanges in Barbados and the Caribbean to attract new types of products and market activities.
Marlon Yarde, general manager of the Barbados Stock Exchange (BSE) has made the suggestion while addressing a recent function in Jamaica.
He spoke on the topic, “Strengthening Institu-tional Development in the Regional Capital Markets.
There are stock exchanges in Barbados, The Bahamas, Guyana, Jamaica, Eastern Caribbean, and Trinidad and Tobago.
Expansion must be done in a more co-ordinated way into the fixed income and debt market as internationally the market for these is even larger than for equity securities.
Financial Post – The Canadian hedge fund industry has ballooned in the past few years, with some estimating annual growth at 30%. But there is still plenty of room for more, given that plenty of the strategies, such as risk arbitrage, that have proliferated in London and New York have not yet arrived here.
A near full house at yesterday’s Canadian Hedge Fund Managers Speak With Investors forum demonstrated that the industry, now pegged at about 200 separate funds in Canada, is alive and well regardless of the recent turmoil. Much of this is being driven by institutional investment.
Despite so much volatility in the markets in the past two months, and the fact that some feel fundamentals have "gone out the window," Canadian hedge fund managers at the forum, owing perhaps to having less leverage than their U. S. counterparts, remain upbeat. "The response from investors was outstanding. They are looking for some understanding and this is a perfect venue for that," said Karen Azlen, CEO of Introduction Capital, who organized the event.
Hedge Funds Review Magazine – Greenwich Associates conducted a study of 146 institutions in North America and Europe to determine how fears of counterparty risk were affecting institutional investment and trading strategies.
The study revealed that 37% of participating institutions have over $50 billion in assets under management. A further 18% have more than $100 billion.
Survey respondents were divided between 32 hedge funds, 114 banks and traditional long-only investors, with the majority domiciled in the US (70%) and 30% in Canada and Europe.
Among US institutions, 85% sees credit default swap (CDS) counterparty risk as a serious threat to global markets. Institutions in Europe are slightly more sanguine; with just over 55% describing CDS counterparty risk as a significant danger.
Over 905 of hedge funds, however, said they see counterparty risk relative to credit default swaps as posing a significant threat to global markets.
