Fidelity has them. So does Vanguard. But once you look beyond those goliaths, mutual funds with performance fees are a rare breed. That's disappointing news...
PlusFunds Sale, Bankruptcy, Add to Refco Soup
NEW YORK (HedgeWorld.com)--After trying unsuccessfully to find an investor or buyer for its beleaguered hedge fund business, PlusFunds Group Inc. has reached a deal to sell itself to FTVentures, a private equity firm that focuses on investing in companies that serve the financial services industry. As part of the deal,...
How Unique Is Your Strategy?
A money manager who claims to make alpha returns is in effect claiming to have a special approach that's very hard to duplicate. Otherwise, why isn't everybody else getting those extra profits? Truth is, much of what hedge funds do can be learned and imitated. Indeed, recently a mutual fund...
Hedge Fund Strategies in Mutual Funds
Rydex funds sport low correlation to traditional investments
Rydex Taps Former Kenmar Executive for Index Product
NEW YORK (HedgeWorld.com)--Ed Egilinsky joined Rydex Capital Partners, a subsidiary of the Rockville, Md.-headquartered mutual fund complex, as director of intermediary services. Previously, he headed U.S. sales and marketing at Kenmar Advisory Corp., Greenwich, Conn. According to Rydex, Mr. Egilinsky's position was created in response to the growth of Rydex...
S&P Hedge Fund Index Assets Broach US$1 Billion, Leveraged Product Introduced
NEW YORK (HedgeWorld.com)--The S&P Hedge Fund Index, launched in October 2002, now has approximately US$1 billion in assets. This total investment comes from about two dozen...
Hedge Funds Say "It's Not So Bad"
The Securities and Exchange Com- mission finally released its staff report on the hedge fund industry last month, and many hedge fund managers are breathing...
Fund of Funds or Investable Indexes?
A recent analysis by Morgan Stanley researchers revealed that hedge funds as a group have produced relatively constant (positive) alpha returns for the past 13 years, but this performance has varied significantly across strategies, and individual managers did not consistently generate such returns.
The Other Way
After nearly four years of a bear market in equities, investors have been pounded and they're desperately seeking investments that will yield decent returns. As...