What’s On Mark Mobius’s iPad?

Long suspected, but finally confirmed!

Have you downloaded the BCA iPad App? Available FREE on the itunes Store.

BCA Research Launches New Application: BCA Analytics (BAN)

BCA Research introduces BCA Analytics – a new application to bridge the gap between strategy research and the investment decision-making process.

BCA Research is pleased to announce the launch of a new research application, BCA Analytics. Delivering the power to spot trends, uncover correlations and identify actionable investment opportunities, BAN gives users the ability to build upon BCA’s research and communicate ideas through powerful data visualizations.

Advanced features include:

  • Adjust date-ranges – find correlations and create your own stories
  • Search – instantly find charts through natural language queries
  • Updates – always have access to the latest data for models and indicators
  • Add related data sets – including time-series and models unique to BCA
  • Clip charts – export for use in internal or client presentations
  • Annotate and share – build convincing stories through visual notes

What can users expect from BAN?

ACCESS
With over 150,000 raw time-series, proprietary analytics and indicators, BAN gives users access to thousands of BCA charts – all with the latest data, and each with a brief description for research context. BCA Analytics is designed to integrate seamlessly into a client’s investment decision-making workflow; click on a BCA chart in a research report to access the application – and once in, download any underlying research report with the touch of a button.*

DISCOVER
Using proprietary semantic technology, BCA Analytics allows you to zero in on any one of thousands of BCA charts, predictive analytics and indicators from our research publications.


BAN redefines investment research by harnessing the power of data analysis, visualization and research content to deliver actionable insights for investment professionals. – Brijesh Malkan, Product Director, BCA Research

CUSTOMIZE
Add new data sets, adjust date-ranges, and add annotations and comments to charts to create your own personalized stories on market trends, investment ideas and trading strategies. Favorite charts for future reference or clip custom views of charts to a virtual folder for future use.

COLLABORATE
Export charts for presentations and share charts within the application to communicate with a team. BAN gives users the control to build upon BCA’s research together with the ability to effectively communicate the results through storied visualizations.

BCA trusts that financial professionals will find this new and innovative application invaluable to their investment decision-making process.

Click here to request a short trial to BCA Analytics.

*Requires Service Subscription

About BCA Research:
BCA Research is a world leading provider of independent investment research. Since 1949, the firm has provided its clients with leading-edge analysis and forecasts of the major financial markets, with clear and focused investment strategy recommendations and backed by countless proprietary models and leading indicators. BCA provides its services to financial professionals in more than 90 countries through a wide range of products, services, and meetings.

HedgeFund Intelligence: Global Hedge Fund Assets Near $2.35tr As Big Firms Drive Growth



HFI logo




Thanks to our friends at HedgeFund Intelligence for sharing an excerpt from their upcoming Global Review. Reprinted with the full permission of HFI. All rights reserved.

London, October 2013 – The growth in global hedge fund assets continued to accelerate during the first half of 2013 on the back of robust fund performance across the industry and new inflows from investors worldwide, according to the latest research from leading global industry information provider HedgeFund Intelligence (HFI).

In the newly-published Autumn 2013 issue of its bi-annual Global Review, HedgeFund Intelligence reports that assets in hedge funds of traditional types – which are mostly domiciled offshore or structured as limited partnerships in the US – had reached $2.337 trillion (including parallel onshore versions) as at the end of June this year.

That represents an increase of just over 6% compared with the corresponding figure of $2.208 trillion as at the end of 2012 – and is up by almost 9% from a year ago, when assets stood at $2.147 trillion at the end of June 2012.

If other hedge fund strategies in standalone European UCITS onshore structures (with no parallel offshore versions) are also added, the global industry assets total rises to $2.456 trillion as at the mid-point of 2013 – up from $2.339 trillion at the start of the year.

The bulk of the industry’s total assets are concentrated in funds managed from North America – which accounted for $1.697 trillion in assets at the end of June, some 73% of the global industry – with European-based funds managing $425 billion (18%), Asia-based hedge funds running a further $91 billion (4%) and the balance coming from funds based in Latin America, Australasia and Africa.

Given that the HedgeFund Intelligence Global Composite Index recorded a median return of just under 3.75% across all hedge funds in the first half of the year, it is clear that much of the overall growth in assets during the year resulted from investment performance.

However it is also clear that new capital inflows are starting to gather pace again, with a generally strong financial market backdrop helping to fuel investor confidence.

The industry has now recovered much of the earlier steep decline that it suffered in 2008 from the onset of the global financial crisis – when global hedge fund assets fell by over 30% from the brief peak of $2.7 trillion in mid-2008, as tracked by HFI – and the overall global hedge fund assets total is now within 10% of its pre-crisis peak.

The big firms dominate

Meanwhile, the biggest players in the global hedge fund industry are continuing to get bigger, accounting for a rising proportion of total assets, according to the latest statistics on the Global Billion Dollar Club – the elite group of firms that manage $1 billion or more in hedge fund assets.

Collectively, the 389 current members of the Global Billion Dollar Club (up from 367 at the start of this year) managed assets of $2.039 trillion as at the end of June this year, up again from $1.925 trillion at the start of 2013, accounting for some 87% of the industry’s total assets.

The lion’s share of this figure is further concentrated in the ‘Super League’ of biggest firms that manage $5 billion or more in assets. The number of firms in that category has edged up from 110 from 107 at the start of the year. Collectively these firms manage hedge fund assets of $1.43 trillion – up from $1.37 trillion at the start of 2013.

The US market remains firmly the top location for the world’s biggest hedge fund firms. New York is still the biggest single centre of the industry by a margin, with 175 of those firms up from 157 at the start of the year – with the city accounting for over 45% of all Global Billion Dollar Club assets – with a further 28 member firms based in Connecticut, 24 in California and 15 in Massachusetts.

London remains in second place overall, being home to 57 of the Club members and representing just over 13% of the total Club assets. The Asia-Pacific region accounts for just over 3% of Club assets – up from 2.5% at the start of the year – with Hong Kong housing 17 Billion Dollar Club members and nine member firms based in Singapore.

About HedgeFund Intelligence

HedgeFund Intelligence is the leading provider of news, analysis and performance data on the global hedge fund industry. The company provides dedicated information on US, European, Asian and African single-manager hedge funds as well as on hedge fund investors worldwide.

To view more of the Global Review and access the latest news and analysis, take a free trial.

Lawrence H. Summers To Deliver Keynote At BCA 2013 New York Investment Conference

BCA Research is pleased to welcome both Lawrence H. Summers and Nate Silver as keynotes at the BCA 2013 New York Investment Conference, September 23-24, 2013 at The Waldorf Astoria.

Montreal, QC September 10, 2013

BCA is delighted that two of their New York 2013 esteemed speakers, Lawrence Summers and Donald Kohn, are contenders to be the next Fed Chairman. Moreover, it should be noted that the exclusive event will include many other world-class stars, all of whom are showcased at the 2013 Conference Speakers’ Page.

The event theme is Easy Money versus Weak Growth: Can The Bull Market Be Sustained?, and will be held September 23-24, 2013 at The Waldorf Astoria in New York City.

A few of the additional speakers include:

Nate Silver has become today’s leading statistician through his innovative and strategic analyses. He first gained national attention during the 2008 presidential election, when he correctly predicted the results of the primaries and the presidential winner in 49 states. Nate runs the award-winning FiveThirtyEight.com, where he publishes a running forecast of current elections and hot-button issues.

Athanasios Orphanides is Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management. Before joining MIT, he served a five-year term (2007-2012) as Governor of the Central Bank of Cyprus. After the introduction of the euro in Cyprus in January 2008, Orphanides served as a member of the Governing Council of the European Central Bank.

William J. Raduchel is strategic advisor and independent director. He teaches corporate strategy at Georgetown University, and was formerly CTO of AOL Time Warner and Chief Strategy Officer of Sun Microsystems. Raduchel spent five years as head teaching assistant to John Kenneth Galbraith at Harvard, and he himself later taught several future economists, including Lawrence Summers and Ben Bernanke.

BCA’s 2013 New York Investment Conference, featuring keynote speakers Lawrence H. Summers and Nate Silver, is now 95 percent sold out.

“We are tremendously pleased with the speaker line-up for 2013,” says Martin Barnes, Chief Economist of BCA Research. “Having such expert speakers as Robert Gordon, James Grant and Byron Wien, together with keynotes, Larry Summers and Nate Silver, we expect this will be one of the year’s top investment conferences.”

The final agenda for BCA’s 2013 New York Investment Conference can be accessed at: Easy Money versus Weak Growth: Can The Bull Market Be Sustained?

To register for any last available seats, visit: Register BCA 2013.

Nate Silver BCA Research


We look forward to seeing all registered delegates in New York City!

Do Not Miss This Conference!

Obama said July 31 he is considering Yellen, Summers and Kohn. — The Financial Post

We are delighted that two of our New York 2013 esteemed speakers, Lawrence Summers and Donald Kohn, are contenders to be the next Fed Chairman. Moreover, you should note that the event will include many other world-class stars, which we are pleased to showcase below. For the full agenda visit, Easy Money versus Weak Growth: Can The Bull Market Be Sustained?

Please join us September 23/24, 2013 at The Waldorf Astoria in New York where BCA will host what could be the year’s top investment conference. Now 90% sold out, do not hesitate – register today!

Nate Silver BCA Research

2013 Keynote Speakers:

Nate Silver

Nate SilverNate Silver has become today’s leading statistician through his innovative and strategic analyses. He first gained national attention during the 2008 presidential election, when he correctly predicted the results of the primaries and the presidential winner in 49 states. Nate runs the award-winning FiveThirtyEight.com, where he publishes a running forecast of current elections and hot-button issues. Read the politico.com editorial, How ESPN and ABC Landed Nate Silver.

Lawrence H. Summers

Larry SummersLawrence H. Summers is the Charles W. Eliot University Professor and President Emeritus of Harvard University. During the past two decades, he has served in a series of senior policy positions in Washington, D.C., including the 71st Secretary of the Treasury for President Clinton and Director of the National Economic Council for President Obama. Read Lawrence Summers May 5, 2013 FT.com editorial: The Buck Does Not Stop With Reinhart And Rogoff.


Nate Silver BCA Research

2013 Guest Speakers

Woody Brock

Woody BrockHorace “Woody” Brock, a world leading economist, is the author of American Gridlock, and the founder and president of the economic think tank, Strategic Economic Decisions. An established public speaker, he is known for his ability to take complex and counterintuitive concepts and make them easily comprehensible to a broad range of people. Brock’s speaking engagements have included the World Economic Forum in Davos, the CIA, and The Aspen Institute.

Robert Gordon

Robert GordonRobert J. Gordon is Stanley G. Harris Professor in the Social Sciences at Northwestern University. He has had a long and distinguished career, and attracted worldwide attention for his controversial analysis predicting that future economic growth in the U. S. will be a mere fraction of its historic rate. The Atlantic magazine named Gordon’s paper on U.S. growth The Most Depressing Economic Idea of 2012: Watch Robert Gordon’s TED talk: The End Of Growth.

James Grant

James GrantJames Grant, financial journalist, author and historian, is the founder and editor of Grant’s Interest Rate Observer, a twice-monthly and widely-read journal of the investment markets. His journalism has appeared in a variety of periodicals, including the Financial Times, The Wall Street Journal and Foreign Affairs. Read the March 2013 issue of Grant’s Interest Rate Observer; watch the 2009 Jim Grant interview with Mike Wallace of 60 Minutes: An Invitation To Fraud.

Dylan Grice

Dylan GriceDylan Grice is the Director of Research at Edelweiss Holdings, an investment practice focused on acquiring scarce and irreplaceable holdings as a means of protecting the real value of capital over time. Prior to joining Edelweiss in late 2012, he spent 15 years working as an economist, a proprietary trader and strategist at various investment banking institutions. Read Grice’s July 31 research paper: On The Intrinsic Value Of Gold, And How Not To Be A Turkey.

Donald Kohn

Donald KohnDonald Kohn is a senior fellow in the Economic Studies Program at the Brookings Institution. As the former vice chairman of the Federal Reserve, he has written extensively on monetary policy, financial regulation and macroeconomics. Kohn is a 40-year veteran of the Federal Reserve System. Read what the Washington Post recently had to say about Kohn: Eight things you need to know about Don Kohn, who might just be the next Fed Chair.

Athanasios Orphanides

OrphanidesAthanasios Orphanides is Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management. Before joining MIT, he served a five-year term (2007-2012) as Governor of the Central Bank of Cyprus. After the introduction of the euro in Cyprus in January 2008, Orphanides served as a member of the Governing Council of the European Central Bank. Read his Free Exchange March 2013 interview: What Happened In Cyprus.

Bill Raduchel

Bill RaduchelWilliam J. Raduchel is strategic advisor and independent director. He teaches corporate strategy at Georgetown University, and was formerly CTO of AOL Time Warner and Chief Strategy Officer of Sun Microsystems. Raduchel spent five years as head teaching assistant to John Kenneth Galbraith at Harvard, and he himself later taught several future economists, including Lawrence Summers and Ben Bernanke. Read Raduchel’s July 2013 interview in The Washington Post.


Nate Silver BCA Research

Raymond Torto

Raymond TortoRaymond Torto is the CBRE Global Chief Economist and serves as the Company’s primary spokesperson on the global economy and commercial real estate markets. He is also the Executive Managing Director of CBRE Global Research and Consulting. Torto is a co-recipient with Bill Wheaton of the 2007 James A. Graaskamp Award for Real Estate Research Excellence and is currently a visiting faculty member at Harvard University’s Graduate School of Design.

Sotiris Tsolacos

TsolacosSotiris Tsolacos holds a chair in Real Estate Finance at the International Capital Markets Association (ICMA) Centre and the School of Real Estate at Henley Business School, Reading University, UK. He was previously the Director of European Research at Property. & Portfolio Research. Tsolacos has worked closely with investment managers, advising on global real estate opportunities and risk, and has published extensively on direct and listed real estate.

Nicolas Veron

Nicolas VeronNicolas Veron works both at Bruegel, a top economics think tank which he cofounded, and at the Peterson Institute for International Economics, where he joined in 2009. The majority of his research is about financial systems and financial reforms. In September 2012, Bloomberg Markets included Veron in its second annual 50 Most Influential list. Listen to Veron’s August 2013 podcast: Obama And Greece: Thinking Outside The Basket Case.

Robert von Rekowsky

Robert von RekowskyRobert von Rekowsky is VP, Emerging Markets Strategy for Fidelity Asset Management. Bob was voted “Best of the Buyside” in Institutional Investor magazine in 2001, 2002 and 2003. He received the Lipper Canada Award in 2008 and was named by Citywire as one of the Top 100 European Managers of 2008. Read Robert’s June 2013 paper: The Importance of Assessing Corporate Governance In Emerging-Market Investing.

Byron Wien

Byron WeinByron Wien is Vice Chairman of Blackstone Advisory Partners LP where he acts as an adviser to both the Firm and its clients in analyzing economic, social and political trends to assess the direction of financial markets. Prior to joining Blackstone, Mr. Wien was Chief Investment Strategist for Pequot Capital and before that served for 21 years as Chief U.S. Investment Strategist at Morgan Stanley. Read the August 2013 Barron’s article: Wien Is Worried About Rest Of Year.

William White

William WhiteBill White is the chairman of the Economic Development and Review Committee (EDRC) at the OECD in Paris. From June 1994 through June 2008, he was Economic Adviser at the Bank for International Settlements, and previously served as Deputy Governor of the Bank of Canada. White has published and spoken widely on the issue of macroeconomic stability. Read White’s August 2012 paper: Ultra Easy Monetary Policy and the Law of Unintended Consequences.

We look forward to seeing you in New York!

Nate Silver BCA Research