An issue in asset management today is centered on the benefits of fund of hedge funds. Do such products actually provide a safe and cost effective exposure to hedge funds or are they merely loaded with more fee layers than a mille-feuille? Yale’s endowment manager David Swensen expressed his forthright views on subject in an interview [...]
Archive for April 22nd, 2010
More fee layers than a mille-feuille
Posted in Asset Management, Fund of Hedge Funds, Fund Structures, Pricing on April 22, 2010 | Leave a Comment »
Swiss unveil tougher Liquidity Rules
Posted in Financial Industry, Regulation, Swiss Banking on April 22, 2010 | Leave a Comment »
Switzerland tightened the reins on UBS and Credit Suisse by requiring its main banks to hold enough liquid assets such as cash and top-notch bonds to weather a severe crisis without government help. In the statement about liquidity rules, FINMA and the SNB did not provide details on the stress scenario or precise levels of required asset holdings. [...]
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