Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
November a Positive Month for S&P Hedge Fund Index
By Staff WriterNEW YORK (HedgeWorld.com)--Hedge funds made their best returns in recent months on the S&P Hedge Fund Index, which ticked up 1.45% in November. Returns were led by directional/tactical and event-driven managers, which made gains on short U.S. dollar positions and long-equity index holdings as the dollar fell and equities inched...
December 01, 2004
American Equity Expands Note OfferingNU Online News Service, Dec. 1, 2004, 11:44 a.m. ESTA major seller of equity-indexed annuities plans to raise more than $175 million on Wall ...
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
TuckerBrook Gains Financing Alternative Investment FirmBOSTON (HedgeWorld.com)--The hedge fund firm launched by former Commonfund and HVB Alternative Investment executives is making a new bet on Tuckerbrook Alternative Investments. New York-based Hardt Group is making an investment in the Tuckerbrook business and in its latest fund offering. The amount was not disclosed. On Nov. 1, Tuckerbrook...
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...