Last week end I was walking down Bond Street when I came to the Hermes shop. Nice clothes, nice bags, nice scarves, nice long queues at the till, and with a clientele that isn’t as predominantly Asian as LVMH. I’m not sure I would buy the clothes, JP Gaultier has just quit womenswear, the menswear

Background: In 2008, as investors fled in panic, and we ourselves had to raise cash on behalf of investors, we thought to ourselves: how would we manage our own money? Partner’s money. Assuming that everyone was thinking straight. The result of this experiment has been a model portfolio of hedge funds which we have tracked

Hedge Fund Performance Aug 2010 Hedge Funds as a group have done poorly in 2010, yet they continue to outperform equities by a significant margin both in absolute terms as well as on a volatility adjusted basis. Even so, why would an investor pay hedge fund management and performance fees for a paltry 1.65% YTD,

UCITS Directive 1985: To harmonize the sale and marketing of ICS to retail investors. To create a single market and to impose a common set of investment parameters, restrictions and supervision. Ultimately failed its objectives. Failed to envisage the growth of complexity of CIS potentially structured within UCITS   UCITS II: Planned amendments and augmentations