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pressure

Grace Under Pressure:
The New Generation of ETFs

Exchange traded funds are not only weathering the storm of the current financial market crisis, but seem to be thriving. Rainer Riess, Managing Director, Cash Market Development, Deutsche Börse AG, explains how this new asset class is coming into its own.

 
index   “Index selection is a key success factor”
Dr Hartmut Graf, Head of Issuer Data & Analytics at Deutsche Börse AG, talks to efm on quality differences among ETFs
 
stepping   Stepping Stones to STP
The use of standardized systems in fund processing and settlement is still lagging behind the use of these systems in the equity and bond arena. However, there are several service providers working on making processes in the fund sector more professional, one of which is Clearstream. At the Fund Forum in Barcelona, Anke Dembowski talked with Philippe Seyll, Executive Vice President and Head of Clearstream’s Investment Fund Business, about the newest developments in back office services.
 
Booming down under   It’s Booming Down Under
Australia’s compulsory superannuation (pension) regime and consistently strong market performance makes it an extremely appealing location for investors looking for attractive and sophisticated offshore markets, writes Jacinta Munro, a Partner at KPMG.
 
climate change   Climate Change Risk Management
The U.S. approach to climate change risk is two-fold, writes Nedia Miller. The private sector will take the lead on developing emission trading markets but compliance will remain with the government.
 
demands of derivatives   The Demands of Derivatives
These days, even the most conservative of institutional investors are turning to derivatives in search of higher returns. Peter John of LatentZero looks at the advantages and risks involved, and discusses the effect of OTC instruments on buy-side technology.
 
colin mclean  

Behavioural Finance Reports
Two recent Behavioural Finance Reports talks, one in London and the Hedge Royale event both written by Colin Mclean

 
  Does Self-Regulation Satisfy?
In the absence of a global set of best practice principles for hedge funds, European investors are looking to the UK for guidance, in the form of the Hedge Fund Working Group’s “HF Standards.” Tom Brown, Partner, Deputy Global Head of Investment Management, KPMG in the UK, shares the findings of a survey conducted by KPMG to uncover the perceptions and perspectives held by the investment community relative to this industry initiative.
 
sovereign funds  

The New Sea of Sovereign Wealth Funds
Once a target of suspicion, the sovereign wealth funds of countries like Dubai and Singapore are beginning to look like saviours in the credit-crunch stricken market. In this special feature, Raficq Abdullah takes an in-depth look at this new sea of liquid funds.

 
consultants Consultants, Transparency, and Manager Selection “light”- a Brief Overview
A conceptual way of thinking, from the areas of marketing and project management, can effectively be applied to other sectors, including the area of manager-selection. Institutional investors can analyse the asset-manager market. The investor (for example “public utilities”) has “performance goals” among others. On the basis of these targets and “homework” done (market analysis) the proper portfolio managers are chosen and the results steadily observed. If necessary, termination or new appointments are made as corrective measures. Such is the theory. How does this method look in practice? And are there other ways of seeing these issues? Markus Hill analyses the possibilities for efm readers.
 
jonathon heller  

Babies in the Bathwater
One fund manager’s crisis is another’s opportunity. Jonathan Heller explains how less well-known managers have been earning impressive returns from low-risk relative-value strategies – finding the babies in the bathwater being thrown out by the distressed owners of RMBS/CDOs.