Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Rydex Taps Former Kenmar Executive for Index Product
By Staff WriterNEW 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
J.P. Morgan Report Sees Erosion in Some Hedge Fund Segments, Opportunities in OthersLONDON (HedgeWorld.com)--A report that describes 2004 as "almost a perfect storm hitting alpha" for active hedge fund investors, with a number of factors coalescing to dampen returns, finds that while hedge funds offer ample opportunities for profit in many areas, some of the commonly used strategies are eroding the very...
October 12, 2004
MSCI Grows Investable IndexLONDON (HedgeWorld.com)--MSCI announced that it has added 13 funds to its investable hedge fund index, which now totals 110 funds. Officials made the changes to the index this week after its quarterly review and rebalancing. The number of investment processes and strategies contained in the MSCI Hedge Invest Index will...
October 12, 2004
UBS Opens Irish ShopLONDON (HedgeWorld.com)--UBS's hedge fund services division has opened an office in Dublin, Ireland. The new UBS Fund Services shop will be headed by Mark Mannon. It will employ 10 people, with plans for expansion, according to a UBS statement. The office will administer both onshore and offshore hedge funds with...
October 12, 2004
Australian Hedge Funds Top Performers in AugustHONG KONG (HedgeWorld.com)--Asian hedge funds overall were positive, and Australian funds outperformed other regional markets in August, according to Bank of Bermuda AsiaHedge index officials. The Australian Long/Short Index outshone the composite index by gaining1.35% in August with an overall return of 9% for the year. The Bank of Bermuda...
October 12, 2004
New Firm Forms from Consultancy PartnershipLONDON (HedgeWorld.com)--io Alternative Strategies has partnered with sister company PSolve Asset Solutions to create PSolve Alternative Investments, which will manage io Investors' funds of hedge funds. According to a statement, PSolve, a U.K. investment consultant group, saw greater demand for hedge funds and anticipated that a greater portion of returns...
October 12, 2004
In Hedge Fund Returns, a Skeptic Sees Lady Luck in ChargeNEW YORK (HedgeWorld.com)--Speaking at a recent seminar organized by the group 100 Women in Hedge Funds, Nassim Nicholas Taleb--author, mathematician, trader and chairman of Empirica LLC--argued that success in money management mainly is due to chance and disasters are inevitable for hedge fund investors. In this view, differences between managers...