Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Private Equity or Hedge Fund
By Staff WriterWith all the hubbub surrounding hedge fund advisor registration, there's another trend in the hedge fund marketplace that's heating up, according to Jim Hedges of...
July 31, 2006
Irish Pension Reserve Fund Moots Hedge Fund InvestmentDUBLIN, Ireland (HedgeWorld.com)--Ireland's National Pensions Reserve Fund is considering investing in hedge funds, according to a spokesman of the National Treasury Management Agency. The NTMA, which has been appointed manager of the fund through April 2011, has already announced that it aims to have 18% of funds under management invested...
July 31, 2006
ERISA Assets Demand FocusHedge funds that accept investments from pension plan sponsors subject to the Employee Retirement Income Security Act of 1974 (ERISA) should take extra care to ensure security valuations are accurate and fair, that they are carried out by independent parties, and that valuation policies are clearly disclosed to and understood...
July 31, 2006
Gnomes of BaselThe Japanese regulator has been working with the nation's major banks for some time on implementing Basel II recommendations with many Japanese banks facing true internal ratings based (IRB) method implementation by March 31, 2008. Speaking at a recent AIMA breakfast in Hong Kong, Christopher Wells, a Tokyo-based partner at...
July 31, 2006
No-Action for Master-(Middle)-Feeder StructureWASHINGTON (HedgeWorld.com)--The U.S. Securities and Exchange Commission's division of investment management has issued no-action relief assuring a Caymans company that its involvement as the middle tier in a three-tier master-feeder arrangement won't cause that unit to recommend that the SEC take enforcement action under the Investment Company Act of 1940....
July 31, 2006
North Sound Motion Delivers Coup de Grace to Afplats ChairmanLONDON (HedgeWorld.com)--North Sound Capital, a Greenwich-based hedge fund, has led a shareholders' revolt delivering the coup de grace to the non-executive chairman of African Platinum (Afplats), a small-cap mining exploration company listed on the Alternative Investment Market. At an extraordinary shareholders meeting Tuesday [July 25], shareholders voted to oust Charles...
July 31, 2006
ITT Ups Alternatives AllocationWHITE PLAINS, N.Y. (HedgeWorld.com)--The pension plan of the engineering and manufacturing company ITT Industries is set to raise its allocation to alternative assets to 40%. At its current level of 32%, the company already has one of the highest allocations to alternatives of all corporate pension funds. It is likely...
July 31, 2006
Spain's Regulator Gives Three Funds the NodMADRID, Spain (HedgeWorld.com)--The Comisi'n Nacional del Mercado de Valores, Spain's market regulator, is reported to have date-registered three asset managers who will thus be allowed to set up single hedge funds and funds of hedge funds. A total of 16 entities have requested registration--all major domestic institutions--and it is expected...