Some highlights from Monday’s FTfm.
Exit from Caymans to speed up
After all the talk about how they did not want to be over-regulated, the tide of hedge funds moving back to Europe is growing as many fear being locked out of ‘fortress Europe’. The decision of a court of appeal in the Cayman Islands that ruled against an aggrieved investor is likely to add to the popularity of European domiciled funds.
Cry for Greece to restructure its debt
Emerging market distressed bond players believe austerity measures will not be sufficient and Greece will have to restructure its official debt, and they say the Brady Plan should form the framework for any exchange offer, writes John Dizard
Migration to bond funds boosts Pimco and Vanguard
The lead story of a special report into US Mutual Funds that notes the emphasis is likely to move to equities and away from bonds going forward.
Hedge funds begin to restructure fee system
A variety of moves have been made to implement a fairer fees system and they are not only moving down, new clauses give investors more guarantee of performance
Australia mulls route to annuities
The changing demographics of Australia’s population is an important focus of a review of Australia’s tax system carried out by treasury secretary Ken Henry and released on Sunday by the nation’s treasurer Wayne Swan.
The case for active management is actually strong
Leaving our money in the (invisible) hands of benchmark constructors is not a safer choice than to delegate its management to one or several carefully selected, talented portfolio managers with a clear process.
Greece a bad omen for others in debt
If the current economic recovery falters, sovereign debt crises are likely to break out beyond the eurozone, says Edward Chancellor who can see worrying statistics in the US, Japan and the UK