Investors expect strong returns from hedge funds in 2018

first_img Hedge funds look to increase crypto exposure Keywords Hedge funds,  Institutional investorsCompanies Credit Suisse Laptop on wooden table showing charts and graph Analysis Business Accounting Statistics Concept armpannawat/123RF Smaller investors face down hedge funds as GameStop soars James Langton Shadow banks remain risky, DBRS says Global investors enjoyed solid returns from their hedge fund holdings last year, and are expecting even better results this year, according to the latest annual survey from Credit Suisse AG.The Swiss banking giant released the 10th annual edition of its survey of 345 institutional investors (who hold a collective US$1.1 trillion worth of hedge fund investments). Almost three quarters of respondents (74%) reported that their hedge fund holdings met, or exceeded, their return expectations in 2017. This is up from just 30% last year. Share this article and your comments with peers on social media Related news In 2017, investors expected 7.25% in annual returns from hedge funds. This year, expectations are rising, with investors now hoping to see returns of 8.5% from their hedge fund allocations.“Last year hedge funds had strong performance and also continued to improve the alignment of interests between themselves and their investors,” said Robert Leonard, managing director and global head of capital services at Credit Suisse, in a statement.“As we begin 2018, the vast majority of institutional investors appear pleased with the contributions from their hedge fund portfolios. In fact, the number of investors who indicated that their hedge fund allocations met or exceeded their expectations more than doubled from last year, which is a very positive development for the industry,” he added.The survey found that investors are targeting equity-focused strategies for their hedge fund allocations, including emerging markets equity, fundamental equity long/short, quantitative market neutral and equity long/short sector funds.By geography, investors are most focused on the Asia Pacific region, emerging markets and emerging Europe. Demand for North American markets remains “relatively flat, as investors appear to be comfortable with their current allocations to the region,” Credit Suisse reports.The survey forecasts 5.4% growth in hedge fund assets under management (AUM) in 2018, from current record levels (US$3.2 trillion in AUM).In terms of predicting possible industry shifts in the global hedge fund industry, the survey found that investors are expecting to see a continued realignment of fees/terms, increased volatility, fund outperformance, fund consolidation, and the continued rise of strategies that are driven by artificial intelligence (AI) and focused on the emerging cryptocurrency space. Facebook LinkedIn Twitterlast_img read more

Volvo’s used cars now come with an unlimited-mileage warranty

first_img (At least, you can in the United States; the program won’t be making its way this side of the border, as far as we know.)For a car to become eligible, a factory Volvo technician performs a 170-point inspection on it; the title and history report are checked to meet Certified by Volvo’s standards; and then it’s sold through Volvo’s Certified Pre-Owned program.Volvo is hoping the extended warranty will drive buyers into their showrooms. Over 60 percent of Volvo buyers are new to the brand, and it’s hoping they stick around. The Rolls-Royce Boat Tail may be the most expensive new car ever See More Videos COMMENTSSHARE YOUR THOUGHTS We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2016 Volvo XC60 Trending in Canada RELATED TAGSVolvoLuxuryLuxury VehiclesNew Vehicles PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | virtual panelPlayThese spy shots get us an early glimpse of some future models | Trending Videos A subscription service for new cars is also in the works, and it seems like the CPO program might be the first steps towards that. The subscription service called Care by Volvo allows subscribers to drive a brand-new Volvo for 24 months with insurance and maintenance included, with the option to swap out cars after 12 months. advertisement Volvos less than five years old and with less than 80,000 miles (128,000 km) on the odometer are eligible for an eight-year warranty extension from the car’s original in-service date, with no mileage cap, according to a new policy supplied by the automaker.This is great news for used car buyers, who will now be able to walk into a Volvo dealership and select an older car while still getting the benefits of a new-car warranty.You can drive for as much as you want and break as much as you want for eight years after the original warranty would have run out. ‹ Previous Next ›last_img read more

FTC fine provision hits Facebook profit

first_img Facebook trials feature to connect neighbours Previous ArticleNokia bemoans intense 5G competition after weak Q1Next ArticleVodafone, Orange extend Spanish pact to 5G FacebookQ1 earnings AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 25 APR 2019 Apps Author Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters – creating content, writing blogs and reports as well as conducting feature interviews…More Read more HomeAppsNews FTC fine provision hits Facebook profitcenter_img Saleha Riaz Related Facebook set aside $3 billion to cover an expected fine from the Federal Trade Commission (FTC) related to its user data practices, which more than halved its Q1 profit.In a statement, the company explained it took the step as a precaution, noting the “matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome”.“We estimate that the range of loss in this matter is $3 billion to $5 billion,” it added.Such a penalty would likely be the largest-ever against a major US tech company by a domestic regulator and the biggest privacy-related fine in FTC history, The Wall Street Journal said.The action relates to a 2018 probe by the FTC into whether Facebook had violated the terms of an agreement struck with the authority in 2012, where it pledged to not collect and share personal data without users’ consent.Referring to the numerous privacy issues which have plagued the company, COO Sheryl Sandberg said on an earnings call that “a key part of earning back trust is increasing transparency. That starts with our products, which should be as easy to understand as they are to use”.CEO Mark Zuckerberg added: “We are focused on building out our privacy-focused vision for the future of social networking”.ImpactAs a result of the provision, Facebook’s Q1 net income was down 51 per cent year-on-year to $2.4 billion. Revenue of $15 billion was up 26 per cent, with $14.9 billion of the total from advertising.Mobile ad revenue grew 30 per cent to $13.9 billion, comprising approximately 93 per cent of total advertising turnover.Daily active user numbers hit 1.56 billion, up 8 per cent over Q1 2018, led by growth in India, Indonesia and the Philippines. Subscribe to our daily newsletter Back Tags Facebook to pay News Corp for Australia content Facebook continues content crusadelast_img read more

Law tied for lead at Pure Silk Championship

first_imgWILLIAMSBURG, Va. – Bronte Law chipped in for eagle on the par-5 third hole and shot a 6-under 65 on Thursday for a share of the lead in the Pure Silk Championship with Anna Nordqvist and Jennifer Song. Law added a birdie on the par-4 seventh – her 16th hole in a bogey-free round at windy Kingsmill Resort. ”Started finding myself with a good score. Nothing more to it,” Law said. ”On days like this when it’s windy just got to keep grinding all day, take the chances when they come.” Song birdied all three par 5s in her bogey-free round in the final event before the U.S. Women’s Open next week at the Country Club of Charleston in South Carolina. Full-field scores from the Pure Silk Championship ”It was a bogey-free round, so I was extremely happy about that,” Song said. ”Course conditions are great. Greens are firm and pretty much everything was going well. I was driving it well and I was getting it on the green. When I had a chance for birdie, I think I pretty much made all of them.” Nordqvist rallied after bogeying No. 3. She birdied Nos. 7, 9 and 10 and 13-16. ”I feel like I’ve played a lot of good – well, can’t say good golf – but I feel like I play a lot solid golf,” Nordqvist said. ”Just haven’t really got anything out of it. Today was very consistent, solid, and didn’t make any big mistakes.” Brooke Henderson was a stroke back with Katherine Perry, Jacqui Concolino, Gemma Dryburgh and Jasmine Suwannapura. ”I don’t know if the wind was supposed to stay like this the rest of the week, but it makes the course a lot tougher,” Henderson said. Angel Yinshot 67. Brittany Lincicome opened with a 68 in her final event of the season as she prepares for the birth of a daughter in early September. Defending champion Ariya Jutanugarn and top-ranked Jin Young Ko each shot 71.last_img read more