Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
S&P Index Shows Third Straight Positive Month for Hedge Funds
By Staff WriterNEW YORK (HedgeWorld.com)--Hedge fund managers active in directional and event-driven strategies led the S&P Hedge Fund Index to post a gain of 0.72% for October. The gain signals a slight comeback for the index, which has been posting small gains over the last three months after a slump earlier in...
November 02, 2004
Coronation Report: Volatility Down on Fed Official's RemarksLONDON (HedgeWorld.com)--Coronation International Ltd., in a report on its funds of funds results, said that the implied volatility of asset prices declined in September to an eight-year low, and it reported signs that some hedge fund strategies, especially those that require a long position on volatility, are being abandoned by...
November 02, 2004
DrKW Introduces Certificate Linked to Hedge Fund IndexNEW YORK (HedgeWorld.com)-- Dresdner Kleinwort Wasserstein, the London-based investment bank that is part of Germany's Dresdner Bank AG, will offer for the U.K. market a covered warrant based on a hedge fund index, starting Oct. 27, 2004. The underlying asset of this three-year tracker certificate is the HFRX Global Index,...
November 02, 2004
September Sees Boost in Hedge Fund Index Returns: MSCINEW YORK (HedgeWorld.com)--Long/short equity managers' performance rose along with that of equity markets in September, helping the MSCI Hedge Fund Composite Index gain 1.15% last month. For the year through Sept. 30, the index is up only 1.95%, as discretionary trading funds and other hedge fund strategies gained ground after...
November 02, 2004
Funds of Funds Picks Risk Management TechnologyMORRISTOWN, N.J. (HedgeWorld.com)--Adapting its portfolio to include risk budgeting techniques, Prisma Capital Partners now uses Riskdata's FOFiX software to improve its risk management. Prisma's business was launched earlier this year as a joint venture between three former Goldman Sachs partners and Aegon N.V.'s U.S. investment arm. The firm acquired Aegon's...
November 01, 2004
Serota Lands at Ernst & YoungNEW YORK (HedgeWorld.com)--Ernst & Young hired Michael J. Serota to lead its global hedge fund tax practice. Mr. Serota previously worked at Deloitte & Touche, where he was a partner and leader of that firm's national hedge fund practice, and at Arthur Andersen, where he was co-leader of the hedge...
November 01, 2004
Merger Arb Returns Mirror Rate HikesFederal Reserve policy makers raised the federal funds rate to 1.75% with three hikes in the period from June through September and indicated a continuation...
November 01, 2004
Complicated GiftsFirst there was the guy who wanted to donate his banana tree to charity--he insisted that it was worth $35,000, but demanded that the charity's...