Hedge Fund Shit
Transcript: AHL Investment Marketing Graduate Program GLG Affects Professional Investors (ie. Insitutional and Well-Informed) Alternative Investment Fund Manager Directive Historically, there have been different regulatory approaches within each country in the EU. In 2010, the EU approved a law to require hedge funds to register with national regulatory authorities. The EU's Directive on Alternative Investment Fund Managers (AIFMD) was passed by the EU Parliament on November 11, 2010 and is the first EU directive focused on "alternative investment fund managers", including hedge fund managers.[ The directive requires managers to disclose more information, on a more frequent basis, to regulators about their investment strategies. Countries within the EU are required to adopt the directive in national legislation by early 2013. 12 month program designed to develop graduates in some of the core commercial business areas within Man, with the goal being for the successful candidate to use the acquired expertise in the creation of compelling marketing collateral. Benefit the Investment Marketing team. rotate in sales, investment management and product teams. each graduate takes on a specific project that should develop their team. After the rotation, return to the IM team where the graduate is responsible for writing and managing Man's marketing collateral. work with senior RMs, invesment management and communications personnel. *The role will also involve the development, implementation and regular review of a detailed marketing plan.* Requirements: -degree in Finance/Business -a demonstrable, active interest in financial markets -self-managed, intuitive, and pro-active -team-oriented -excellent English, some German -entrepreneurial mindset, creative thinking -excellent MS Office skills My notes: -important of knowing how to conduct marketing research (read over marketing notes!!) -great with MS office, prezi -very interested in both markets and marketing -want to grow in this direction -have the skills for it Performance Fees Management Fees (AuM( acquired October 2010 ntended to make MAN group more diversified, partly due to investment strategies that have low correlation to AHL performance MAN- strength in distribution GLG- range of liquid strategies GLG’s focus through its alternative strategies is on preserving clients’ capital and achieving consistent, superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. Since its inception in 1995, GLG has built on the roots of its founders in the private wealth management industry to develop into one of the world’s largest and widely respected alternative investment managers with a growing presence in the market for traditional long-only investment products, serving individuals, corporate and institutional clients. GLG’s investment performance reflects the capabilities of its deep and talented team of investment professionals as well as its rigorous and bespoke risk control processes. manages about 32bn (on MAN-GLG site, as of March 2011) on GLG site it says 23bn.. as of initially set up under Lehman Bros. what distinguishes hedge funds from traditional funds is mainly investment strategy and the absence of regulatory/investment constraints they can use more aggressive strategies (ie. short selling, arbitrage, options) use a broad number of investment strategies exposure to different types orf market risk (ie. interest rate risk, currency risk, term rate risk) and structural? risk (liquidity risk, credit risk, volatility risk) driven by institutional investors (over 50%) ie. public pension, endowment plan, family office increasing concentration as industry matures hedge funds can be good for increasing returns and diversification of a portfolio directional strategies (ie. event-driven, equity long/short) increase return and reduce risk of portfolio but are more highly correlated with equity markets relative value strategies ie. fixed income arbitrage, equity mark neutral, are good for risk reduction and diversification for Jakub: internal processes? personality type? IM department? dress code/ attitude? Hedge Funds Swiss Market 2/20 UCITS MAN In the last few years, alternative investments and hedge funds in particular have become part of the standard asset allocation process in the Swiss private banking business as well as for many Swiss institutional investors. This is the case even though, given legal and regulatory constraints, hedge funds may only be distributed in Switzerland by way of private placement, without any public offering. In addition, Swiss law and the practice of the supervisory authority, the Federal Banking Commission, allow for the setting up and the public distribution of collective investment schemes which take different forms and which invest into hedge funds (e.g. investment companies, investment foundations, and funds of hedge funds). These structures have also contributed to the success of
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