valuations

Hedge Funds

The case for hedge fund betas: lessons learned about correlations

US-based quant shop AQR Capital has helped pioneer the notion of hedge fund beta as an investable product. With first-year performance numbers now in, GREG BRIGHT spoke with the firm’s managing and founding principal, Cliff Asness. Cliff Asness has been talking about hedge fund beta for some years. He wrote a paper about it, with […]
Hedge Funds

The case for hedge fund betas: lessons learned about correlations

US-based quant shop AQR Capital has helped pioneer the notion of hedge fund beta as an investable product. With first-year performance numbers now in, GREG BRIGHT spoke with the firm’s managing and founding principal, Cliff Asness. Cliff Asness has been talking about hedge fund beta for some years. He wrote a paper about it, with […]
Administration

BNP Paribas did its own thing…and now so will Citi

Citi is making a renewed bid for fund administration business in Australia, off the back of localising its Multifonds accounting platform as part of a worldwide middle-office deal with Dimensional Fund Advisors, and the relaxing of competitive tensions which occurred when BNP Paribas Securities Services Australia (another fund administrator) stopped using Citi’s global custody network […]
Administration

BNP Paribas did its own thing…and now so will Citi

Citi is making a renewed bid for fund administration business in Australia, off the back of localising its Multifonds accounting platform as part of a worldwide middle-office deal with Dimensional Fund Advisors, and the relaxing of competitive tensions which occurred when BNP Paribas Securities Services Australia (another fund administrator) stopped using Citi’s global custody network […]
Investment Strategy

Private equity NAVs to fall further, but 80

Private equity fund valuations should fall by almost one fifth by the end of the first quarter, and could fall another 12 per cent in the second, according to research from alternatives boutique Barwon Investment Partners. While major indexes worldwide fell by roughly 40 per cent in 2008, the reporting lags inherent in valuing the […]
Investment Strategy

Private equity NAVs to fall further, but 80

Private equity fund valuations should fall by almost one fifth by the end of the first quarter, and could fall another 12 per cent in the second, according to research from alternatives boutique Barwon Investment Partners. While major indexes worldwide fell by roughly 40 per cent in 2008, the reporting lags inherent in valuing the […]
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