POWERED BY MOMENTUM MEDIA
Hedge funds still misunderstood
Hedge funds are too often being portrayed as either heroes or as villains, according to the vice chairman of leading Mellon-linked EACM Advisors, Robert Jaeger.
Jaegar told the Conference of Major Superannuation Funds on the Gold Coast that there was a need to do away with many of the misconceptions surrounding hedge funds.
He said that it was ironic that hedge funds were often seen as being “secretive and unregulated”.
“The fact is, they are secretive precisely because of the way they are regulated,” Jaeger said. “Certainly, in the case of the US, there are very strong regulations which prevent hedge funds from presenting themselves as asset managers.
“And while hedge funds may be exempt from certain types of regulation, they are still totally covered by all the other regulations with respect to use of leverage, fraud and insider trading,” he said.
Jaeger said that while in Australia there was a little more freedom with respect to hedge funds presenting themselves to the public, there were still cautions and caveats, with the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority having developed various checklists and requirements for hedge funds.
AUTHOR
Mike Taylor
Recommended for you
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising sectors.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
