Hedge Funds
The latest hedge funds news to help advisors understand how these alternative investments can help boost portfolio returns and reduce risk.
Funds of Funds Picks Risk Management Technology
By Staff WriterMORRISTOWN, 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...
October 26, 2004
Donaldson: We'll Win Back Distrustful Investors by Registering AdvisorsWASHINGTON (HedgeWorld.com)--William H. Donaldson, chairman of the Securities and Exchange Commission, used the occasion of a speech to a mutual fund directors' group to make the case for the SEC's recent and continuing reform agenda, including the hedge fund adviser registration initiative. Mr. Donaldson, speaking to the Independent Directors Council...
October 26, 2004
TFS Launches Mutual FundRICHMOND, Va. (HedgeWorld.com)--One of a few hedge funds to cross the great divide into the mutual fund space, TFS Capital officially launched its first mutual fund that offers retail clients a way to invest in alternatives. The TFS Market Neutral Fund lets the firm offer its mainline investment strategy to...
October 26, 2004
Pennsylvania Pension Funds May Be Subject to ReviewHARRISBURG, Pa. (HedgeWorld.com)--After more than two years of squabbling, the Pennsylvania Auditor General's office has won permission to conduct performance audits on the Pennsylvania State Employees' Retirement System. The pension fund case went all the way to the Commonwealth Court of Pennsylvania, which in a 6-to-1 ruling said that Auditor...
October 18, 2004
Rydex Taps Former Kenmar Executive for Index ProductNEW YORK (HedgeWorld.com)--Ed Egilinsky joined Rydex Capital Partners, a subsidiary of the Rockville, Md.-headquartered mutual fund complex, as director of intermediary services. Previously, he headed U.S. sales and marketing at Kenmar Advisory Corp., Greenwich, Conn. According to Rydex, Mr. Egilinsky's position was created in response to the growth of Rydex...
October 18, 2004
Hedge Funds Make Meager Gains in September: S&P Index ReturnsNEW YORK (HedgeWorld.com)--Returns for the S&P Hedge Fund Index are still better than those of the Standard & Poor's 500 stock index for the year through Sept. 30. In September, hedge funds gained 0.47%, according to Standard & Poor's. The leading strategy was managed futures. The S&P Managed Futures Index...
October 18, 2004
Sungard Introduces Daily Short Interest IndicatorsNEW YORK (HedgeWorld.com)--Sungard Institutional Brokerage Inc., part of the data processing and software company, is offering daily aggregates and weekly industry-level measures derived from stock borrowing data. In tests, these track the short interest numbers put out by exchanges once a month. Sungard Securities Borrow Indices cover the NYSE, Nasdaq...