Ernst and Young Publish Global Hedge Fund Survey
Submitted by: Kathryn Wissel, Marketing and Communications
Ernst and Young yesterday announced the publication of their Global Hedge Fund Survey 2007. To read some of the highlights, please click here. 100 of the top global hedge funds were polled for the survey.
Some interesting findings:
* Managers believe valuation transparency is the greatest regulatory challenge and the second largest area of operational risk. Therefore “greater emphasis is being placed in a consistent approach to pricing and reporting on portfolios.”
* 58% of respondents reported that Risk Management technology systems will an area in which they will be investing heavily in the next two years.
* Reporting tied with client service for the #1 service for hedge funds prime brokers should focus on improving over two years.
| Permalink | Comments (0) | TrackBacks (0) | Print Article | Back To Top |
Wednesday, February 22, 2006 |
 |
Time Warner and Icahn Settlement
Submitted by: Chris Young, M&A Research Director
On Friday, February 17th, Time Warner and Carl Icahn settled their putative proxy fight a little over a week after Lazard issued a report commissioned by Icahn in support of his agenda. Speaking as a former investment banker, I can attest to the blood, sweat and tears that went into the report, perhaps the most in-depth analytical presentation I've ever seen an investment bank put together for public consumption. This clearly was not a frivolous exercise or some kind of trial balloon, so it's a little surprising that the fight was dropped a week and a half after the report's highly public unveiling. Icahn faced a February 19th deadline to submit nominees to the board, and it's clear that after sifting through the tea leaves he decided that a settlement would be more productive than a proxy contest. Alan Murray in today's Wall Street Journal talks about some of the lessons that shareholders should draw from the "Icahn affair."
| Permalink | Comments (2) | TrackBacks (0) | Print Article | Back To Top |