Hedge Funds
The latest hedge funds news to help advisors understand how these alternative investments can help boost portfolio returns and reduce risk.
Managed Futures Shine, Boost CSFB/Tremont Index by 5.83%
By Staff WriterNEW YORK (HedgeWorld.com)--Hedge funds inched up another 2.65% in November, according to the CSFB/Tremont Hedge Fund Index. Year-to-date through Nov. 30 the index was up 7.91%, which still lags the MSCI EAFE US$ Index. For the month, the hedge fund index also underperformed the Standard & Poor's 500 Stock Index,...
December 06, 2004
Latest Dexion Fund of Funds Launched, Listed on LSELONDON (HedgeWorld.com)--Shares of the third fund of funds from Dexion Capital plc have begun trading on the London Stock Exchange. The closed-ended fund, Dexion Trading Ltd. (LSE: DTL) closed its first day, Nov. 29, up a penny, to ?1.01, on volume of 181,451. The week before, Dexion Trading's initial public...
December 01, 2004
CalPERS Raises Its StakeIn November, the California Public Employees' Retirement System (CalPERS), the nation's largest public pension fund with assets totaling $168 billion, said it will increase its...
December 01, 2004
PIMCO funds: total return/i800-426-0107 www.pimcofunds.com Ticker: PTTRX Manager: William Gross Manager's tenure: 17 years Fund started: May 1987 Min. initial invest.: $5 million Load (front-end): 0.00% 12(b)-1 fee: 0.00% Net assets: $44.2 billion P/E ratio: NA P/B ratio:...
November 29, 2004
Former BofA Exec Markets New Prime Brokerage OfferingsNEW YORK (HedgeWorld.com)--Steve Vermut, former president and chief executive for Banc of America's prime brokerage business, is launching his own prime brokerage and performance-reporting business, Merlin Securities, targeted to hedge funds. In launching his new business, Mr. Vermut will rely on his extensive experience in the hedge fund industry. Mr....
November 29, 2004
Hamilton Lane Gets on Hedge Fund BandwagonNEW YORK (HedgeWorld.com)--Following a well-established trend of hedge fund mergers and acquisitions, private equity manager Hamilton Lane of Bala Cynwyd, Penn., agreed to buy a controlling stake in New York-based Richcourt Group, a fund of funds firm. The transaction should be completed in 15 days. Richcourt, managing more than US$1.5...
November 29, 2004
The Case for Edge Funds"The difference between stupidity and genius is that genius has its limits."--Albert Einstein Many years ago, I took a girlfriend to Bermuda. There we met a lecherous English playboy married to what turned out to be a fabulously wealthy daughter of really old money. We figured this out when we...
November 29, 2004
AMG Buys Stake in AQR Capital ManagementBOSTON (HedgeWorld.com)--Affiliated Managers Group has taken the hedge fund plunge and acquired an equity interest in hedge fund manager AQR Capital Management, Greenwich, Conn. The price AMG paid was not disclosed, but an analyst at Prudential Equity Group was reported to estimate it at US$80 million to US$100 million, or...