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Bank For International Settlements 2010 Essay

Moreover, the performance of various strategies used in management of hedge funds experienced a greater feat, despite having less asset classes to choose from. Over the years, the hedge fund industry has shown consistent growth and increase in its regulatory issues. This is because managers are using strategies that: increase the overall amounts of risk, while offering the possibility of greater financial rewards. As a result, the odds improve that investors could experience significant losses in these areas (which increases the overall amounts of regulatory scrutiny).

Hedge funds will experience more changes that will lessen its variance in comparison with mutual funds. Where, it will determine its investors and techniques of management without being greatly influenced by: institutionalization or regulation of the finance industry. In 2005, Ibbotson and Chen estimated that the growth in the hedge funds over the next few years would be approximately 3%.

The annual size of the sector is $262 billion, and the skills of hedge fund managers contribute on an average of $10 billion to investors (in terms of the total return). The finance industry is now three times as large in comparison with what it was a decade ago, and the performance of hedge funds had successfully generated 3 to 4% of fees for shareholders. Moreover, the strategies used by hedge fund managers made a supplementary $20 billion worth of alpha.

Conversely, as more profits go into the hedge fund industry, the existing strategies require: modifications and further approaches that need to be implemented. As more hedge funds target price differences and discrepancies, to increase their overall returns that they are delivering to shareholders. For this reason, additional funds that will enter the industry will not experience standard profits as high as in the past years. This is because of the overall proliferation of these funds and everyone using similar kinds of strategies (which require an adjustment on the part of hedge fund managers).

As a result, Europe and United States went through considerable improvements in the regulation of hedge funds. However, as more funds are being placed into these areas, as there is a necessity for managers to develop more techniques that can prolong the kind strategies they are using. Where, unregulated hedge funds are allowed (by the authorities) to: operate in the financial markets. This has caused great concern, as the lack of transparency will mean that more investors are focused on trying to increase their overall profits. Yet, there is not enough information to disclose possible trading activities and conflicts of interests.

This is problematic, because it means that without having some kind transparency. The risks of investing in this kind of asset class increases exponentially. as, no one can be able to make an accurate determination about: how to value this asset class at any point in time. This is significant, because it is showing the underlying desire of investors to receive a larger return (indicating a shift in the trend). Once this occurs, it means that the potential risks to these investors and the financial system increase dramatically. As there is no way to be able to objectively value these investments (due to the lack of regulations and transparency).

The potential significance of these trends is that the total amounts of volatility will increase in the markets. This is because these funds can use different strategies to make money. Over the course of time, the means that many hedge funds will utilize approaches...

Once this occurs, the odds increase that you will see strong periods of rising prices. This will be followed by violent corrections.
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Bibliography

Hedge and Pension Funds, 2011.

Ackermann, C, McEnally R. & Ravenscraft, D 1999, "The performance of hedge funds: Risk, return and incentives." Journal of Finance, 54 (June), pp. 833-874.

Adrian, T 2007, "Measuring risk in the hedge fund sector," Current Issues in Economics and Finance, 13, Federal

Reserve Bank of New York, pp. 1 -- 7.
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