Tuesday, September 15, 2009

Infovest21\'s Discussion Blog

Welcome to Infovest21's discussion blog. The blog may highlight some items from Infovest21’s top news stories, informal/unconfirmed reports not included in the news service, quick polls, photos as well as links to other interesting sites and mention of upcoming events.

We look forward to hearing your comments and observations about hedge fund/fund of fund developments and trends. We hope to address pressing issues facing both investors and managers in the hedge fund space.

Highlights from the day's news:
  • Institutional results continue to be released. CalPERS reports that hedge funds were flat in Q2 and down 15.3% for the year. For a table of the largest pension allocators to hedge funds, click here

  • Regulatory initiatives are coming from all fronts. IOSCO just published its best practices for funds of funds.
    For managers and funds of funds interested in this topic, a Regulatory Update seminar is taking place in New York City on
    September 21.

  • Lawsuits related to the Madoff Ponzi scheme don’t stop. A class action law suit was filed against Agile Group in Colorado court.

  • The consolidation trend is alive and well globally. The latest example is Vision Investment Management taking a stake in Harmony Capital.

    We’re hearing…
    We’re hearing some interesting high water mark variations. Do you have interesting ones to share?

    One anonymous source says at least one large established manager is contemplating honoring high water marks that were established at other manager’s funds. If an investor comes to this large manager from a fund that has blown out, the manager says until we recover your loss carry forward (from the former manager), we won’t take an incentive fee. “These large managers believe a phenomenal opportunity exists to pick up some assets by offering that sort of discount to other investors who have experienced pain,” said the unnamed source.

    Let us know what you’re hearing and thinking…contact us at general@infovest21.com


    Check out our upcoming seminars

    • Posted by at
    Labels: , , , , , , ,

    No comments:

    Post a Comment

    Subscribe to: Post Comments (Atom)

    Top Pension Funds By Assets ($B)

    • California Public Employees 214.6
    • Federal Retirement Thrift 210.6
    • California State Teachers 147.2
    • New York State Common 138.4
    • Florida State Board 118.7
    • General Motors 110.3
    • New York City Retirement 107.3
    • Texas Teachers 95.9
    • AT&T 89.6
    • New York State Teachers 88.5
    • IBM 78.9
    • Wisconsin Investment Board 74.5
    • New Jersey 71.8
    • North Carolina 70.5
    • General Electric 70.3
    • Ohio Public Employees 69.6
    • Boeing 68.9
    • Ohio State Teachers 62.9
    • Washington State Board 61.5
    • Michigan Retirement 57.2
    • Oregon Public Employees 55.3
    • Pennsylvania School Employees 54.7
    • Verizon 51.8
    • Virginia Retirement 50.4
    • Ford Motor 48.8
    • University of California 47.1
    • Georgia Teachers 46.6
    • Minnesota State Board 46.5
    • Massachusetts PRIM 45.4
    • Lockheed Martin 43.8
    • Alcatel Lucent 41.3
    • Colorado Employees 36.6
    • United Nations Joint Staff 35.4
    • Los Angeles County Employees 35.2
    • Illinois Teachers 34.1
    • Maryland State Retirement 32.7
    • Northrop Grumman 31.9
    • Pennsylvania Employees 31.1
    • Teamsters, Western 30.3
    • Tennessee Consolidated 30.3
    • Bank of America 28.5
    • Exxon Mobil 28.0
    • Alabama Retirement 27.6
    • United Technologies 27.5
    • Chrysler 26.6
    • National Railroad 25.3
    • Missouri Public Schools 24.6
    • Utah State Retirement 24.5
    • South Carolina Retirement 24.5
    • DuPont 24.4
    • United Parcel Service 23.6
    • Arizona State Retirement 23.6
    • Connecticut Retirement 23.6
    • Raytheon 22.8
    • Texas Employees 21.9
    • Citigroup 21.2
    • Teamsters, Central States 21.2
    • Iowa Public Employees 2.6
    • Nevada Public Employees 20.6
    • Illinois Municipal 20.6
    • Hewlett Packard 20.1
    • JPMorgan Chase 19.9
    • Chevron 19.4
    • Honeywell 18.9
    • Mississippi Employees 18.9
    • Dow Chemical 18.7
    • State Farm 17.5
    • Alaska Retirement 17.4
    • Procter & Gamble 17.1
    • FedEx 16.9
    • Kaiser 16.9
    • Shell Oil 16.8
    • American Airlines 16.7
    • 3M 16.2
    • Wells Fargo 16.2
    • San Francisco City & County 15.9
    • United Methodist Church 14.8
    • Prudential 14.6
    • Texas County & District 14.4
    • Texas Municipal Retirement 14.1
    • BP American 14.1
    • Indiana Public Employees 13.9
    • Georgia Employees 13.9
    • World Bank 13.8
    • Illinois State Universities 13.7
    • Los Angeles Fire & Police 13.2
    • Caterpillar 13.2
    • Wachovia 13.2
    • Kentucky Teachers 13.2
    • Louisiana Teachers 13.1
    • Illinois State Board 12.9
    • Delphia 12.9
    • National Electric 12.6
    • Johnson & Johnson 12.6
    • Eastman Kodak 12.5
    • Pfizer 12.5
    • General Dynamics 12.3
    • PG&E 11.9
    • ConocoPhillips 11.9
    • Kentucky Retirement 11.7
    • Exelon 11.6
    • Kansas Public Employees 11.6
    • Deere 11.6
    • Qwest 11.3
    • New Mexico Public Employees 11.0
    • Kraft Foods 10.9
    • International Paper 10.9
    • Alcoa 10.8
    • Siemens USA 10.7
    • Ohio Police & Fire 10.7
    • MetLife 10.7
    • Southern Co 10.5
    • Chicago Teachers 10.3
    • Federal Reserve Employees 10.1
    • Idaho Public Employees 9.9
    • Hawaii Employees 9.8
    • New York State Deferred Comp 9.8
    • Los Angeles City Employees 9.7
    • Ohio School Employees 9.6
    • Arkansas Teachers 9.6
    • Maine State Retirement 9.6
    • Wal-Mart Stores 9.5
    • Weyerhaeuser 9.5
    • Consolidated Edison 9.5
    • Koch Industries 9.5
    • US Steel 9.4
    • Abbott Laboratories 8.9
    • Episcopal Church 8.9
    • 1199SEIU National 8.9
    • Motorola 8.8
    • Operating Eng. International 8.8
    • Xerox 8.8
    • Altria 8.7
    • PepsiCo 8.4
    • Delta Air Lines 8.4
    • Missouri State Employees 8.3
    • Eli Lilly 8.3
    • Oklahoma Teachers 8.2
    • National Rural Electric 8.1
    • Boilermaker-Blacksmith 8.1
    • Northwest Airlines 8.0
    • Sears Holding 8.0
    • Aetna 7.9
    • New Mexico Educational 7.9
    • New York City Deferred Comp 7.9
    • Electrical Ind, Joint Board 7.9
    • Intel 7.9
    • Nebraska Investment Council 7.8
    • Indiana Teachers 7.8
    • JC Penney 7.8
    • Louisiana State Employees 7.8
    • Merck 7.8
    • IAM National 7.7
    • Tennessee Valley Authority 7.5
    • San Diego County 7.5
    • West Virginia Investment 7.5
    • National Grid 7.5
    • South Dakota 7.5
    • Glaxo Smith Kline 7.3
    • Rhode Island Employees 7.3
    • Allstate 7.2
    • Bristol-Myers Squibb 7.2
    • Delaware Public Employees 7.1
    • Dominion Resources 7.1
    • ITT 7.0
    • Orange County 7.0
    • Montana Board of Investments 6.9
    • Merrill Lynch 6.9
    • Ohio Deferred Comp 6.8
    • Los Angeles Water & Powere 6.8
    • Walt Disney 6.8
    • Presbytarian Church 6.7
    • Time Warner 6.7
    • First Energy 6.6
    • Cook County Employees 6.6
    • Supervalu 6.6
    • UFCW Industry, IL 6.5
    • Bank of New York Mellon 6.4
    • CBS 6.4
    • American Electric 6.4
    • Oklahoma Public Employees 6.4
    • Target 6.3
    • Duke Energy 6.2
    • Hartford Financial 6.2
    • Unisys 6.2
    • Liberty Mutual 6.2
    • General Mills 6.2
    • FMR 6.2
    • Arizona Public Safety 6.1
    • IMF 6.1
    • Reynolds American 6.0
    • Anheuser-Busch 6.0
    • Sacramento County 6.0
    • Southern California Edison 5.9
    • Wyeth 5.9
    • Los Angeles County Deferred 5.8
    • Morgan Stanley 5.8
    • Wyoming Retirement 5.8
    • Goodyear Tire & Rubber 5.7
    • Source: Pensions & Investments, as of Sept 2008