WEALTH
Resources
Principal content
Warning to investors who spot value
Many professional fund managers complained that they were forced to sit on their hands for much of the week, unable to deal in any size in shares of even the biggest companies
Benchmarks must evolve or lose credibility
Globalisation is blurring national borders and making them less relevant for investment decisions. In the words of Joseph Schumpeter: “if indices don’t respond to change, they become useless”.
If it makes money, measure it
If it moves in a market, there is an index for it. Over the past five years, the number and range of indices launched as tools for investors have boomed.
Advantages of active investing
Equity long/short investment has often been considered the “standard” hedge fund strategy. For the year to date it is one of the best-performing strategies, with a return of 9.25 per cent.
Perils of when tradition strays
Many traditional asset managers have launched hedge funds to take advantage of the investing talent they already have and to secure higher margins on their assets. However, running hedge funds in parallel with traditional funds involves many challenges.
Fledgling with years of experience
Stone Harbor Investment Partners is a young business, but its origins date back 16 years to Salomon Brothers’ entry to the asset management business.
T Rowe Price happy to buck trends
T he stock market has been driven by value rather than growth investing for seven years, and few fund managers have ridden the cycle more comfortably than T Rowe Price. But he believes the stock market is overdue for a shift from value to growth stocks.
Nikko boosts stake in Rongtong to 40%
Japan’s third-largest fund house increases its exposure to the red-hot Chinese mutual fund market by lifting its stake in Rongtong Fund Management to 40%.
