Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
DrKW Introduces Certificate Linked to Hedge Fund Index
By Staff WriterNEW 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 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...
October 26, 2004
Donaldson: We'll Win Back Distrustful Investors by Registering AdvisorsWASHINGTON (HedgeWorld.com)--William H. Donaldson, chairman of the Securities and Exchange Commission, used the occasion of a speech to a mutual fund directors' group to make the case for the SEC's recent and continuing reform agenda, including the hedge fund adviser registration initiative. Mr. Donaldson, speaking to the Independent Directors Council...
October 26, 2004
TFS Launches Mutual FundRICHMOND, Va. (HedgeWorld.com)--One of a few hedge funds to cross the great divide into the mutual fund space, TFS Capital officially launched its first mutual fund that offers retail clients a way to invest in alternatives. The TFS Market Neutral Fund lets the firm offer its mainline investment strategy to...
October 26, 2004
Pennsylvania Pension Funds May Be Subject to ReviewHARRISBURG, Pa. (HedgeWorld.com)--After more than two years of squabbling, the Pennsylvania Auditor General's office has won permission to conduct performance audits on the Pennsylvania State Employees' Retirement System. The pension fund case went all the way to the Commonwealth Court of Pennsylvania, which in a 6-to-1 ruling said that Auditor...