Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Proposed Legislation Could Lose Hedge Funds 'Deemed' Investments
By Staff WriterSome nonqualified deferred compensation plans permit the plan's participants to have a "deemed" investment in a hedge fund. Sponsors of such nonqualified deferred compensation plans often invest in the hedge fund to avoid having an unhedged obligation to the plan's participants. Both the House of Representatives and the Senate have...
September 27, 2004
New Fund to Rise in ScotlandSTIRLING, Scotland (HedgeWorld.com)--Airthrey Capital is starting a new hedge fund with a trading focus on volatility of exchange-traded index options. Callum Campbell, founder and managing director of the fund, wants to launch the fund within a year and currently is recruiting staff, raising capital and working to gain FSA approval,...
September 27, 2004
Dow Jones Adds to Index LineupNEW YORK (HedgeWorld.com)-Dow Jones Indexes has announced plans to expand its hedge fund indexes to include a long/short equity specialty index. The Dow Jones Hedge Fund Indexes in early October will add the Dow Jones Hedge Fund Strategy Benchmark Equity Long/Short (U.S.) index to its stable. According to a statement...
September 27, 2004
Survey Finds Endowments, Foundations Favor Hedge Fund RegistrationNEW YORK (HedgeWorld.com)--Nearly 60% of foundations and endowments surveyed by the Hennessee Group LLC said they favor proposed Securities and Exchange Commission rules that would require hedge fund managers to register as investment advisers. However, among the bigger endowments--which tended to have more assets in hedge funds and more hedge...
September 27, 2004
Niche Brokerages Add Research CapabilitiesNEW YORK (HedgeWorld.com)--As funds increasingly use soft dollar-funded outside research and the independent research sector grows, smaller or more specialized brokerages are offering their own version, with an emphasis on added service. Joseph Kalinowski, an independent provider, recently started doing equity research for Grace Financial Group LLC in South Hampton,...
September 17, 2004
GAM Reopens Funds after Adding CapacityNEW YORK (HedgeWorld.com)--Having capped some pools earlier this year after a surge of assets, GAM will reopen to investment its Composite Absolute Return and Diversity III funds Oct. 18. These funds of funds were closed in March following exceptionally high inflows in the first quarter of the year. According to...
September 17, 2004
Hedge Funds Still Struggling: MSCINEW YORK (HedgeWorld.com)-Funds lending to credit-sensitive issuers were the best performers in August, as the MSCI Hedge Fund Indexes struggled to stay out of negative territory. The early reporting funds in the MSCI Hedge Fund Composite Index returned 0.1% with 62% of funds reporting their performance through Aug. 31. In...
September 17, 2004
GlobeOp Taps BoNY ExecutiveNEW YORK (HedgeWorld.com)- Annemarie Gilly has joined GlobeOp Financial Services, a provider of fund administration and related services for hedge funds, funds of funds and family wealth offices. She was named director of fund services and a member of GlobeOp's operating committee. Ms. Gilly previously was head of U.K. relationship...