Hedge Funds
The latest hedge funds news to help advisors understand how these alternative investments can help boost portfolio returns and reduce risk.
Britain's Caledonia Buys Offshore Hedge Fund Operator
By Staff WriterLONDON (HedgeWorld.com)--Liberty Ermitage Jersey Limited, one of Europe's oldest and biggest offshore hedge funds, is being sold by its parent, South African insurer Liberty Group, for up to $71 million to a new joint venture 60% owned by Caledonia Investments plc, with the remainder held by Ermitage management. The deal...
March 01, 2006
Hedge Fund Attrition Drops in '05NEW YORK (HedgeWorld.com)--Last year may not have been great for hedge funds from either performance or capital inflow perspectives, yet fewer funds closed in 2005 than in 2004. According to figures from the Hennessee Group LLC, the attrition rate for hedge funds with more than US$10 million in assets was...
March 01, 2006
Schroders Buys Fund of Funds PlatformLONDON (HedgeWorld.com)--Schroders plc is significantly expanding its hedge fund business through the acquisition of NewFinance Capital, which has US$2.5 billion across six funds of hedge funds. Schroders executives announced the acquisition yesterday (Feb. 21) in the company's earnings results, saying the acquisition price would total US$101 million initially with another...
March 01, 2006
A Marriage of Convenience: Private Equity and Hedge FundsWhile convergence between hedge funds and private equity funds seems inevitable, funds must weigh both the benefits and the potential pitfalls of taking the plunge. "Convergence" is a term increasingly being used in the alternative investments community to describe what many observers view as the inevitable coming-together of private equity...
March 01, 2006
Portus Progress?TORONTO (HedgeWorld.com)--A series of disagreements about appropriate disclosure among the various entities working to untangle the collapse of the Portus Alternative Asset Management Inc. hedge fund has thus far held up progress, but several compromises may be in the works. According to a report from KPMG Inc., the court-appointed receiver...
March 01, 2006
A Bright Start for '06Hedge funds brought in just under $47 billion in new assets in 2005, which combined with investment performance pushed the industry to a record $1.1...
March 01, 2006
Accident Ahead?Among those who fear that a lack of regulation of hedge funds might be harmful is Bill Donaldson, the former chairman of the Securities and...
February 21, 2006
Julius Baer Integrates GAMNEW YORK (HedgeWorld.com)--Sold by UBS to Julius Baer late last year, GAM will be overseeing hedge fund vehicles previously established by Julius Baer in addition to its own single- and multi-strategy products, according to the Julius Baer 2005 earnings report. As part of its integration, GAM will become the main...