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EDHEC-Risk Information

EDHEC in the Press

A selection of articles in the press featuring the EDHEC Risk and Asset Management Research Centre

April 2008

  • The Wall Street Journal (11/04/2008)
    Pension trusts look to calm unexpected volatility --- Performance gap underscores demand for risk management
    "(…) In January, French business school EDHEC studied 229 fund managers, pension schemes and private banks during 2007 and found 42% of them using risk models that were "neither relevant nor realistic". (…)"
    Copyright The Wall Street Journal [Full text – Registration required]

  • Funds Europe (04/2008)
    There is no chance that asset managers will feel confident about MiFID’s fairness or its ability to protect their rights
    By Jean-René Giraud, Development Director and Research Associate at the EDHEC Risk and Asset Management Research Centre
    Copyright Funds Europe [Funds Europe]

March 2008

  • Hedge Funds Review (03/2008)
    Imitation – or replication – is the sincerest form of flattery
    "(…) Continuing EDHEC's series on hedge fund performance measurement, this month Walter Géhin looks at passive and dynamic replication of hedge fund performance. (…)"
    Copyright Hedge Funds Review [Full text – Registration required]

  • Hedgeworld News (17/03/2008)
    Fed Bailout May be Making Things Worse
    "(…) "Even without considering the impact of leverage, a key problem with hedge funds investing in really illiquid or non-traded securities while simultaneously allowing investor redemptions on a periodic basis is the serious liquidity mismatch between their assets and liabilities," François-Serge Lhabitant, associate professor of Finance at EDHEC Business School (…)"
    Copyright Hedgeworld News [Hedgeworld]

  • Financial Times (10/03/2008)
    Risk taking pays dividends for HSBC in France
    "(...) With the EDHEC/EuroPerformance alpha league table for France now in its third year, a picture is building up of the managers that appear to demonstrate consistency in achieving outperformance across their equity fund range. (...)"
    Copyright Financial Times [Full text]

  • Les Echos (10/03/2008)  
    Performances : la correction boursière réduit les écarts entre les fonds
    "(...) L'Alpha League Table 2008, conçue par EuroPerformance et l'EDHEC, basée sur les performances des sociétés de gestion sur les actions en 2007, porte les stigmates de la correction boursière qui a débuté à l'été. (...)"
    Copyright Les Echos [Full text - French - Registration required]

  • Financial Times (03/03/2008)
    Clones go slow but sure
    "(...) EDHEC, the French business school, claimed last May that none of the replication strategies then on the market were capable of accurately recreating hedge fund returns. (...)"
    Copyright Financial Times [Full text]

  • Financial Times (03/03/2008)
    Providers and users get all adventurous
    "(...) According to the EDHEC Risk and Asset Management Research Centre's survey of European investment practices, a lively debate has sprung up as to whether these "characteristics-based" indices are a genuine innovation, adding value to passive investment, or simply a new form of active value investing. (...)"
    Copyright Financial Times [Full text]

February 2008

  • Financial Times (25/02/2008)
    Value-at-risk skills 'lacking'
    "(...) Some European investment managers are treating risk measurement as a marketing tool rather than a useful internal metric, results from a survey* by EDHEC Risk and Asset Management Research Centre imply (...)"
    Copyright Financial Times [Full text]

  • Les Echos (25/02/2008)  
    Les gérants européens n'utilisent pas tout le potentiel de la recherche
    "(...) Une étude de l'EDHEC Risk and Asset Management Research, sponsorisée par NewEdge, fait le point sur l'intégration par les gestionnaires d'actifs européens des apports de la recherche aux différentes étapes du processus d'investissement (...)"
    Copyright les Echos [Full text - French - Registration required]

  • Les Echos (25/02/2008)  
    Les pratiques des gérants européens ne sont pas à la hauteur de la recherche
    Interview de Noël Amenc, directeur de l'EDHEC Risk and Asset Management Research Centre.
    Copyright les Echos [Full text - French - Registration required]

  • HedgeWorld News (21/02/2008)
    Oil Prices Going Up, But Maybe Not Back Down
    "(...) "When you have such low spare capacity, like we do now, the market is always one headline away from oil spiking another $10," said Hilary Till, principal of Chicago-based Premia Capital Management and research associate at EDHEC Business School's Risk and Asset Management Research Centre. (...)"
    Copyright Hedgeworld News [Hedgeworld]

  • HedgeWorld News (14/02/2008)
    EDHEC Data Shows Annual Returns Fell in 2007
    "(...) In a comment on the market environment, EDHECnoted that global stock markets in general performed less strongly last year (...)"
    Copyright Hedgeworld News [Hedgeworld]

  • Le Monde (05/02/2008)  
    Les profits insolents de certains fonds spéculatifs
    "(...) "Beaucoup de hedge funds utilisent des modèles statistiques qui leur ont permis d'anticiper la crise ou disposent d'outils de gestion des risques très sophistiqués ", explique Noël Amenc, professeur de finance à l'EDHEC. (...)"
    Copyright Le Monde [Full text - French]

  • Funds Europe (02/2008)
    Risk Management: Repackaging strategies
    "In the fifth and final instalment in a series of articles on risk management techniques in asset management, Noël Amenc and Lionel Martellini look at the benefits of risk hedging with structured products"
    Copyright Funds Europe [Full text]

  • La Tribune (05/02/2008)  
    Une série de l'EDHEC sur la gestion privée ; La gestion s'adapte à la psychologie des épargnants
    Article réalisé par Noël Amenc et Lionel Martellini
    Copyright La Tribune [Full text - French - Registration required]

  • Le Monde (05/02/2008)  
    Quand les salariés du back-office ont le blues
    "(...)"Supprimer les passerelles entre les deux fonctions risque de 'démotiver'", redoute M. Amenc, professeur de Finance à l'EDHEC, "Ce serait une mauvaise idée" (...)"
    Copyright Le Monde [Full text - French]

  • Le Monde (05/02/2008)  
    L'effet pervers des nouvelles règles comptables
    "(...)"En raison de ces nouvelles normes, tout se voit dans les bilans", note Noël Amenc (...)"
    Copyright Le Monde [Full text - French]

January 2008

  • Le Temps (30/01/2008)  
    Les outils statistiques pour un premier tri des fonds
    "(...) Pour tenter de résoudre ce problème récurrent, l'EDHEC a développé, en collaboration avec EuroPerformance, une méthodologie pour calculer un benchmark (...)"
    Copyright Le Temps [Full text - French]

  • HedgeWorld News (29/01/2008)
    Experts Say Hedge Funds Part of the Solution, Not the Problem
    "(...) In a separate interview that appeared in the monthly newsletter published by EDHEC Risk and Asset Management Research Centre, Mr. Atkins suggested that "hedge funds are likely to be an important part of the solution to the subprime crisis". (...)"
    Copyright HedgeWorld News [Hedgeworld]

  • La Tribune (29/01/2008)  
    Une série de l'EDHEC sur la gestion privée; La gestion actif-passif au service des particuliers
    Article réalisé par Noël Amenc et Lionel Martellini.
    Copyright La Tribune [Full text - French - Registration required]

  • La Tribune (22/01/2008)  
    La finance comportementale, un outil pour les conseillers
    Article signé par Daniel Haguet, professeur de finance à l'EDHEC
    Copyright La Tribune [Full text - French - Registration required]