Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Hedge Fund Services Unit Launched at BearingPoint
By Staff WriterMcLEAN, Va. (HedgeWorld.com)--With former Capco executives at the helm, BearingPoint Inc. unveiled its hedge fund service unit, which will focus on due diligence and valuation...
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...