Site Name
News
HSBC overweights Russia
The HSBC emerging markets team is holding its largest overweight in Russia in a contrarian call on low valuations in the country.
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Eurozone managers rocked by crisis, says S&P
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California declares fiscal emergency
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Some IFAs may fall under FSA's new Remuneration Code
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Numis sees three tiers of listed hedge funds
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RBC appoints British private client head
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M&G Property signs two deals to sustain income
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Cazenove hires manager after Pegrum departure
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New AIC chairman to relish RDR challenge
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American pension fund eyes Keydata investment vehicle Lifemark
Features
Reflex action
Panic and fear gripped the markets during the last global turmoil as mispricing flourished and the nature of risk became difficult to predict. Ben Hunt examines how events have undermined the theory of intrinsic market efficiency.
Market theories did not cause the crisis
Critics can easily pick holes in the efficient markets hypothesis (EMH) as an explanation of financial market behaviour. But blaming the EMH for the recent economic crisis, as some are doing, is absurd.
From This Week's Issue
Fund managers diary
Douglas Turnbull is the manager of the Neptune Greater China Income Fund and assistant manager of the Neptune China Fund. His diary runs from May 15-21.
Lower cost of shipping raises raw questions
Melissa Kidd of Lombard Street Research talks to Tomas Hirst about falling demand for commodities.
Scam
The chairman acknowledges a lapse from accepted standards of cynicism by his friend and colleague over the government’s “weasely” switch of indices for measuring inflation.
Isaac blasts America’s ‘campaign document’ reforms
The phrase “elephant in the room” could have been invented for financial institutions that are deemed too big to fail.
American blog
Sticks and stones
Several people were disappointed / outraged / cynical / bewildered / all-of-the-above when “Special Master for Compensation” Kenneth Feinberg announced last Friday that he would not pursue the fight against executives at Troubled Asset Relief Program (Tarp) banks, to recoup the $1.6 billion (£1.0 billion) they were overpaid in bonuses.
Fund blog
More sales, fewer funds
As with any survey that totals over 100 pages, there is lots to digest in the Investment Management Association’s (IMA) annual survey of 2009.
Fund analysis
Boldness keeps the barbell swinging
BlackRock UK Income has so far avoided the pitfalls that afflict many so-called barbell funds after its manager, Nick McLeod-Clarke, took a decision last year to move out of defensives.
Strategy blog
A great debate - not
It is hard to get excited about the great austerity debate in the Financial Times (FT) this week. The discussion is far narrower, and less great, than the shouty headlines suggest.
