View from the Markets

Steven Sun, HSBC’s senior China strategist, is ’cautiously optimistic’ on the outlook for the country’s stock market
The unexpected resignation of a star hedge fund manager, poor performance and the forced restatement of costs overshadowed the asset manager’s first-quarter results
Investment in fixed income securities eyed
Tenet of Islamic finance remains a bar
Riyadh-based fund at heart of region’s growth
Rush of money into frontier markets

Steven Sun, HSBC’s senior China strategist, is ’cautiously optimistic’ on the outlook for the country’s stock market

David Darst, Morgan Stanley’s chief investment strategist, is sceptical of the recent rally in financial markets

Just as it is particularly difficult to know whether a manager is skilful rather than lucky, it is hard to distinguish talented managers from untalented, so the business is bound to attract the unscrupulous and unskilled, writes Martin Wolf

After years pressuring borrowers and their private equity owners, the hedge fund Highland Capital Management is scrambling to resist the downdraught

Many quantitative, or computer-driven, hedge funds have hired academics, following the lead of investment banks, in the search for new investment ideas, but strategy has some way to run

Investment vehicles where the managers have a big personal stake are outshining Wall Street banks and brokerage firms