State Street Corporate

Record global investment flows, macroeconomic imbalances, rising fiscal deficits and sovereign risk infuse currency markets with volatility.  As investment portfolios expand the proportion of their assets deployed across borders, currency management assumes a critical role in risk management. Our most recent Vision Focus paper, “Currency Management in a Volatile World” describes the wide range of approaches available to asset owners and managers, ranging from static hedging designed to mitigate currency risk to currency alpha strategies that view currencies as a separate asset class.

As hedge fund assets under management have recovered post-crisis, institutional investors have undertaken direct investment flows to large, well established hedge funds. This Vision Capital Insights paper examines the role that quality funds of hedge funds (FoHFs) will play as the investment flows expend to smaller hedge funds employing niche strategies.

The European real estate market is experiencing significant change, driven by new global investment opportunities, increased institutional appetite for alternative assets and an evolving regulatory landscape.

China’s rapidly growing managed funds sector presents tremendous opportunities for domestic and international investors. As the industry changes in response to a variety of macro trends, fund managers face a number of challenges accessing this lucrative market. Understanding the evolving fund management landscape will be critical to their future success.