Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Survey Finds Endowments, Foundations Favor Hedge Fund Registration
By Staff WriterNEW YORK (HedgeWorld.com)--Nearly 60% of foundations and endowments surveyed by the Hennessee Group LLC said they favor proposed Securities and Exchange Commission rules that would require hedge fund managers to register as investment advisers. However, among the bigger endowments--which tended to have more assets in hedge funds and more hedge...
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...
September 10, 2004
Harris 'Restructures Himself Offshore,' Accounts FrozenCHICAGO (HedgeWorld.com)--The Honorable Blanche M. Manning, of the U.S. district court for the northern district of Illinois, has ordered the assets and accounts of Charles L. Harris, Winnetka, Ill., frozen and prohibited the destruction of the books and records pertaining to his hedge fund, Tradewinds International LLC. Judge Manning acted...
September 10, 2004
Barclays Introduces Guaranteed Product Based on FTSE Hedge IndexNEW YORK (HedgeWorld.com)--Woolwich Plan Managers, part of London-headquartered Barclays Group and a provider of structured products in the United Kingdom, launched Woolwich Protected FTSE Hedge Plan, a 100% capital-protected vehicle meant to give retail investors access to hedge funds. For a minimum investment of ?3,000 (US$5,377), investors get two-thirds of...