Using base fees to compensate managers means they’re rewarded even when fund performance is weak
Demand from private banking still being dampened by risk aversion
Investors allegedly lost more than $1 billion
Alternative investment industry warns of damaging effects of proposed rules
Dedicated short bias managers struggled, index shows
Vancouver trio wins AIMA Canada-Hillsdale Research Award
Fund capped at $500 million in assets
Unclear whether funds of hedge funds can re-establish favour with investors
No pervasive compliance problems uncovered
The “smart money” is still using alternative investments such as hedge funds and commodities