Some highlights from Monday’s FTfm.

Managers ‘slipping on home turf’
Research finds fund managers are no better at making money in their own sectors than they are in unrelated ones, and perhaps slightly worse

‘Drastic’ asset moves by central banks
SSgA, which has 25 central bank clients and is in regular dialogue with 50 more, says central banks have “dramatically” reduced their demand for bank commercial paper and certificates of deposit, and cut back on time deposits, in a bid to cap their exposure to the banking sector. Instead they’re looking at corporate paper

Hedge funds ‘have to try harder’
Research shows institutional investors are still using hedge funds’ services but are becoming increasingly demanding and less patient with poor returns

Why it can pay not to follow fashions
Golman’s David Kostin, who analyses hedge fund holdings every quarter, shows that following the ‘smart money’ usually beat the market over the past decade, observes James Mackintosh. But that masks terrible results during the crisis when hedge funds raised cashe by dumping whatever they could sell.

A capital way to defuse Greek timebomb
John Dizard is not entirely sure a Greek default/capital controls/euro departure would create such an insuperable challenge, despite all the squabbling

Investors urged to track ESG risks
An approach based ethical social and governance principles could have foretold those countries whose sovereign bonds have been doing rather badly of late. MSCI has developed a ratings tool to help

Impact of insider trading crackdown spreads
Ordinary stewardship duties could unearth price sensitive information

 

 

 

 

 

This entry was posted by Emma Boyde on Sunday, February 19th, 2012 at 18:19 and is filed under Uncategorised. Edit this entry.