BN 06/02 09:50 *FCA SAYS HEDGE FUND LEVERAGE ROSE TO 67 TIMES NAV IN SEPT 2014
BN 06/02 09:48 *FCA: HEDGE FUND 2014 ASSETS UNDER MANAGMENT ROSE TO $3.1 TLN
BN 06/02 09:45 *FCA PUBLISHES HEDGE FUND SURVEY
BN 06/02 09:48 *FCA: HEDGE FUND 2014 ASSETS UNDER MANAGMENT ROSE TO $3.1 TLN
BN 06/02 09:45 *FCA PUBLISHES HEDGE FUND SURVEY
FCA Says Hedge Fund Leverage Rose to 67 Times NAV in Sept. 2014
2015-06-02 09:59:14.52 GMT
By Ben Moshinsky
(Bloomberg) -- The U.K. Financial Conduct Authority sees a
trend in the global hedge fund industry toward larger assets
under management.
* FCA: “The latest estimate for 2014 puts global assets at
$3.1 trillion.”
* FCA: “Aggregate gross leverage in the September 2014 survey
stood at 67 times NAV compared to 64 times NAV in September
2013.” NAV is net asset value.
* FCA: “The top 10 funds account for 63% of gross leverage
(aggregate GNE as percentage of aggregate NAV) in the
current sample, showing gross leverage is highly
concentrated. The mean is skewed by a few large funds
(mainly Macro funds) that make significant use of leverage,
whilst the median shows that the majority of hedge funds
tend to use relatively low levels of leverage.”
* The FCA supervises hedge fund managers operating in the U.K.
* FCA: “The Hedge Fund survey presents an aggregated picture
of industry activity in the U.K., illustrating key trends
and risks. The survey data was obtained from 52 management
firms, which collectively manage $623 billion of hedge fund
assets globally. Although none of the 132 funds surveyed are
domiciled in the U.K., the 52 firms nevertheless manage a
stated $265 billion out of the U.K. Data is reported as at
September 2014.”
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To contact the reporter on this story:
Ben Moshinsky in London at +44-20-3525-4958 or
bmoshinsky@bloomberg.net
To contact the editor responsible for this story:
Patrick Henry at +32-2-237-4328 or
phenry8@bloomberg.net
2015-06-02 09:59:14.52 GMT
By Ben Moshinsky
(Bloomberg) -- The U.K. Financial Conduct Authority sees a
trend in the global hedge fund industry toward larger assets
under management.
* FCA: “The latest estimate for 2014 puts global assets at
$3.1 trillion.”
* FCA: “Aggregate gross leverage in the September 2014 survey
stood at 67 times NAV compared to 64 times NAV in September
2013.” NAV is net asset value.
* FCA: “The top 10 funds account for 63% of gross leverage
(aggregate GNE as percentage of aggregate NAV) in the
current sample, showing gross leverage is highly
concentrated. The mean is skewed by a few large funds
(mainly Macro funds) that make significant use of leverage,
whilst the median shows that the majority of hedge funds
tend to use relatively low levels of leverage.”
* The FCA supervises hedge fund managers operating in the U.K.
* FCA: “The Hedge Fund survey presents an aggregated picture
of industry activity in the U.K., illustrating key trends
and risks. The survey data was obtained from 52 management
firms, which collectively manage $623 billion of hedge fund
assets globally. Although none of the 132 funds surveyed are
domiciled in the U.K., the 52 firms nevertheless manage a
stated $265 billion out of the U.K. Data is reported as at
September 2014.”
Link to Company News:{0761959D LN <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST <GO>}
First Word newswire: {NH BFW <GO>}
To contact the reporter on this story:
Ben Moshinsky in London at +44-20-3525-4958 or
bmoshinsky@bloomberg.net
To contact the editor responsible for this story:
Patrick Henry at +32-2-237-4328 or
phenry8@bloomberg.net