Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Diamond: Purchase of Sun World's Assets Complete
By Staff WriterLAKE FOREST, Ill. (HedgeWorld.com)--A distressed-debt private equity fund manager, Black Diamond Capital Management LLC, announced that it has acquired substantially all of the assets of a Californian agricultural company, Sun World International Inc., for US$127.75 million. This is the consummation of a deal sealed by an auction Jan. 13, 2005,...
March 01, 2005
Global Macro and CTAs Attract AssetsAs advisors become more sophisticated applying non-correlated hedge fund strategies, those who adopt a core-satellite portfolio approach to their absolute return allocations are demonstrating increased...
March 01, 2005
Sharing the BurdenInstead of trying to make your new associates marketing people, include them in the delivery of your services, using their technical skills to work with...
February 28, 2005
Study: 500 New Funds Launched Last Year, But Survival Getting TougherNEW YORK (HedgeWorld.com) -- A survey by Tabb Group puts the number of hedge funds at 8,600 and total industry assets at US$930 billion. While the asset amount is below the US$1 trillion found by other studies, the number of funds is higher than the often-quoted 7,000. Tabb Group, based...
February 28, 2005
Tuckerbrook Hires Sales StaffersBOSTON (HedgeWorld.com)--Amanda Whelan and Joe Poretta were hired this month to handle sales at Tuckerbrook Alternative Investments LP. Jay Yoder launched Tuckerbrook in 2004, following his departure from Smith College, where he oversaw the investment of the school's endowment. Last November, the firm launched its first hedge fund, Tuckerbrook Long-Short...
February 28, 2005
SocGen to Acquire BofA Structured Products BusinessNEW YORK (HedgeWorld.com)--In the next 30 days, SG Corporate & Investment Banking executives hope to close an acquisition deal with Bank of America Corp. to purchase the part of its structured investment business that deals with hedge fund lending. Christophe Miann?, global head of SG (Soci?t? G?n?rale) CIB's equity derivatives...
February 22, 2005
CalPERS' Hedge Fund Investments Return 8.9% in 2004SACRAMENTO, Calif. (HedgeWorld.com)--Thanks in part to its hedge fund investments, the California Public Employees' Retirement System earned a 13.5% return in 2004 and grew by US$21.5 billion to US$182.9 billion. The growth in assets means CalPERS is bigger than it's ever been and by far the largest public pension fund...
February 22, 2005
Asset Flows Slowed in Fourth Quarter: TASSRYE, N.Y. (HedgeWorld.com)--Hedge fund investing slowed down toward the end of 2004, but the industry still managed to absorb a record US$123 billion in net inflows, according to research from Tremont Capital Management Inc.'s* TASS Research division. The fourth quarter saw the lowest net asset flow number TASS recorded all...