Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
New Fund to Rise in Scotland
By Staff WriterSTIRLING, Scotland (HedgeWorld.com)--Airthrey Capital is starting a new hedge fund with a trading focus on volatility of exchange-traded index options. Callum Campbell, founder and managing director of the fund, wants to launch the fund within a year and currently is recruiting staff, raising capital and working to gain FSA approval,...
September 27, 2004
Niche Brokerages Add Research CapabilitiesNEW YORK (HedgeWorld.com)--As funds increasingly use soft dollar-funded outside research and the independent research sector grows, smaller or more specialized brokerages are offering their own version, with an emphasis on added service. Joseph Kalinowski, an independent provider, recently started doing equity research for Grace Financial Group LLC in South Hampton,...
September 17, 2004
GAM Reopens Funds after Adding CapacityNEW YORK (HedgeWorld.com)--Having capped some pools earlier this year after a surge of assets, GAM will reopen to investment its Composite Absolute Return and Diversity III funds Oct. 18. These funds of funds were closed in March following exceptionally high inflows in the first quarter of the year. According to...
September 17, 2004
Hedge Funds Still Struggling: MSCINEW YORK (HedgeWorld.com)-Funds lending to credit-sensitive issuers were the best performers in August, as the MSCI Hedge Fund Indexes struggled to stay out of negative territory. The early reporting funds in the MSCI Hedge Fund Composite Index returned 0.1% with 62% of funds reporting their performance through Aug. 31. In...
September 17, 2004
GlobeOp Taps BoNY ExecutiveNEW YORK (HedgeWorld.com)- Annemarie Gilly has joined GlobeOp Financial Services, a provider of fund administration and related services for hedge funds, funds of funds and family wealth offices. She was named director of fund services and a member of GlobeOp's operating committee. Ms. Gilly previously was head of U.K. relationship...
September 17, 2004
Lawsuit Asks: What Are CalPERS Managers' Fees?SAN FRANCISCO (HedgeWorld.com)--The California First Amendment Coalition has filed a lawsuit in state court asking that the US$166 billion California Public Employees' Retirement System be ordered to disclose the management and advisory fees it pays to private equity and hedge fund managers. The CFAC, a nonprofit corporation, began laying the...
September 10, 2004
Pro-Hedge Launches FundTORONTO (HedgeWorld.com)--Pro-Hedge launched a new hedge fund that will charge no management fees in any quarter with negative returns. Company officials, who hail it as a first for the fund business, are selling the new Pro-Hedge Capital Preservation Fund on its "no-fee guarantee." The fund is a low-risk, multi-strategy, multi-manager...
September 10, 2004
Instinet Japan Hires PresidentTOKYO (HedgeWorld.com)--Instinet Japan Ltd. hired Takeshi Murakami as president and Tokyo branch manager of the electronic brokerage. Mr. Murakami will help Instinet's Japan operation, an indirect subsidiary of Instinet Group Inc., New York, grow its business among institutional investors including hedge funds, pension funds, mutual funds and insurance companies, said...