by Markus

More Hedge Fund Launches Ahead On July 6th, the international professional services firm Rothstein Kass (www.rkco.com) released its “2010 Hedge Fund Outlook: Back to the Future?” Among notable findings: Nearly 70 percent of survey participants indicated that hedge fund launches in 2010 will be smaller than before the credit crisis Approximately 71 percent of hedge [...]

by Markus

Quick update on the AIFM negotiations between the European Parliament and the Commission. As reported earlier (here and here), the  AIFM directive was supposed to vote on the reconciliated directive proposal in early July. Since yesterday we know that the timetable will not hold. According to HFM, AIFM first reading vote is delayed until September: [...]

by Markus

Yesterday´s G8 summit, the leftover of ancient times of global coordination, ended without tangible results. Some observations: Obama and Merkel are the two main proponents of the “spend now, save later” and the “austerity rulez” camps. We´ve seen no convergence of their positions in yesterday´s talks. Merkel interprets Obama´s position as political maneuver at the [...]

by Markus

China positions itself as responsible trading partner ahead of the G20 Summit in Toronto next week. Is the announcement to end Yuan´s peg to the Dollar more than just a top-headline producing, Obama´s letter back-striking move in China´s strategic chess game?  A quick analysis. What has happened? A People’s Bank of China announcement hit the [...]

by Markus

An artificial lake, mp3-bird´s twittering, food taster for the banquets. Canada is undoubtly proud to be the host of the G20 summit on June 26-27.  As one of the few developed countries without crisis pain, Canada grasps the opportunity to spruce up its image by investing more than USD 1 bln in the get-together – [...]

by Markus

After several sessions and three delayed votes, the EU parliament committee for economic and monetary affairs finally agreed on May 18th to a position on the drafted AIFM directive. The adopted text contains significant changes from the originally proposed document of the EU Commission back in April 2009. The parliamentarians agreed in a majority vote [...]

by Markus

I´ve written several times on MM about the fast transformation process of the hedge fund industry (here, here and here). Fund of hedge funds are one of the biggest losers of this evolution. Their most compelling selling point “access to managers” has been minimized by an increasing interest of managers to offer liquid, transparent and [...]

by Markus

The PS Commentary is a macroeconomic analysis on recent trends in the world economy. Written by Markus Schuller, Panthera Solutions. In this edition, Markus analyzes the current state of the US economy and the return of realism in investor´s recovery perception. PS Commentary 01.06.2010 – Welcome Back to Reality (EN)