Advocis conference update: Survey says hedge funds will dominate new launches

By Deanne N. Gage | June 3, 2004 | Last updated on June 3, 2004
2 min read
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    Surveyed fund managers also believe interest rates will indeed rise in the next 12 months but not by more than 1%. “This is comforting because there’s been a lot of hype surrounding interest rates and what that will do for our portfolios and the economy,” notes Mackenzie. “Interest rates are still really low, so having them go up by one percentage point is hardly a reason for moving money out of the markets.”

    As for industry issues, fund managers expect more debate on management expense ratios (MERs) (are they too high?), fund-cost transparency (where specifically is the MER going?) and merit-based compensation, which would see fund managers paid based on how they actually perform. They would have to achieve a certain level of performance before they get a conditional level of pay.

    • • •

    To brush up on hedge funds, visit Advisor.ca’s “CanHedge” section in the Product Zone, or click here to sign up for our monthly CanHedge e-newsletter.

    • • •

    Filed by Deanne N. Gage, Advisor’s Edge, deanne.gage@advisor.rogers.com.

    (06/03/04)

    Deanne N. Gage

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    Surveyed fund managers also believe interest rates will indeed rise in the next 12 months but not by more than 1%. “This is comforting because there’s been a lot of hype surrounding interest rates and what that will do for our portfolios and the economy,” notes Mackenzie. “Interest rates are still really low, so having them go up by one percentage point is hardly a reason for moving money out of the markets.”

    As for industry issues, fund managers expect more debate on management expense ratios (MERs) (are they too high?), fund-cost transparency (where specifically is the MER going?) and merit-based compensation, which would see fund managers paid based on how they actually perform. They would have to achieve a certain level of performance before they get a conditional level of pay.

    • • •

    To brush up on hedge funds, visit Advisor.ca’s “CanHedge” section in the Product Zone, or click here to sign up for our monthly CanHedge e-newsletter.

    • • •

    Filed by Deanne N. Gage, Advisor’s Edge, deanne.gage@advisor.rogers.com.

    (06/03/04)