Hedge Funds
The latest hedge funds news to help advisors understand how these alternative investments can help boost portfolio returns and reduce risk.
PBHG Funds Founders Settle Market Timing Case
By Staff WriterNov. 17, 2004 -- The founders of the PBHG mutual funds agreed to pay $160 million in restitution and fines and to accept a lifetime...
November 22, 2004
SEI Seminar Urges Hedge Funds to Comply with New SEC RulesOAKS, Pa. (HedgeWorld.com)--The Securities and Exchange Commission's new rule isn't effective until Feb. 1, 2006, but some are advocating advance preparation regardless of the legal challenges reportedly in the works. The SEI Knowledge Partnership, an effort on the part of SEI Investments' investment manager market unit to analyze business and...
November 22, 2004
MSCI Indexes Show Small Gains in OctoberNEW YORK (HedgeWorld.com)--Hedge fund performance was up slightly last month, with directional trading strategies topping the MSCI Hedge Fund Composite and Process Group indexes. The composite index gained 0.8% with 65% of funds reporting their October returns by Nov. 10. The hedge fund index has yet to surpass the MSCI...
November 12, 2004
Skandia Appoints Liberty Ermitage for US$100 Million AccountSTOCKHOLM, Sweden (HedgeWorld.com)--Skandia Liv, the life insurance subsidiary of Skandia, has appointed the Liberty Ermitage Group, Jersey, to run its Japanese long/short equity account. The account will be funded gradually up to US$100 million, according to a statement LEG issued Nov. 11. LEG has been represented in the Nordic region...
November 12, 2004
Island in the Funds: Jersey Shows GrowthLONDON (HedgeWorld.com)--The Jersey hedge fund industry has continued to expand, with the number of funds now serviced there rising almost 14%, to 839 funds and subfunds, over the year previous to June. Total net assets represented by those funds rose from $US102.3 billion to $US107 billion, according to Fitzrovia, which...
November 12, 2004
Former Commerzbank Executives Start Hedge Fund BusinessNEW YORK (HedgeWorld.com)--Mark Richardson, global head of derivatives at Commerzbank Securities, has joined Mehmet Dalman, former head of Commerzbank Global Equities, in building a new hedge fund-oriented asset management firm, London-headquartered WMG. Started in October, WMG is conceived as a broad-scope service provider to high-net-worth individuals, private banks and investment...
November 12, 2004
Art Institute Paints a Smaller Picture for Hedge Funds in Investment LandscapeCHICAGO (HedgeWorld.com)--The board of trustees at the Art Institute of Chicago is ready to put the poor investments of the past behind it but will keep hedge funds as part of a newly restructured asset allocation for its endowment fund. The endowment became the poster child for improved investor due...
November 12, 2004
CalPERS Considers Doubling Hedge Fund BetSACRAMENTO, Calif. (HedgeWorld.com)--Having ramped up its hedge fund investment total to almost US$1 billion in recent months, the California Public Employees' Retirement System is now proposing to double its allocation to hedge funds. Through the end of September, the pension system had committed more than US$925 million to hedge funds....