Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Global Macro and CTAs Attract Assets
By Staff WriterAs advisors become more sophisticated applying non-correlated hedge fund strategies, those who adopt a core-satellite portfolio approach to their absolute return allocations are demonstrating increased...
February 28, 2005
Tuckerbrook Hires Sales StaffersBOSTON (HedgeWorld.com)--Amanda Whelan and Joe Poretta were hired this month to handle sales at Tuckerbrook Alternative Investments LP. Jay Yoder launched Tuckerbrook in 2004, following his departure from Smith College, where he oversaw the investment of the school's endowment. Last November, the firm launched its first hedge fund, Tuckerbrook Long-Short...
February 28, 2005
SocGen to Acquire BofA Structured Products BusinessNEW YORK (HedgeWorld.com)--In the next 30 days, SG Corporate & Investment Banking executives hope to close an acquisition deal with Bank of America Corp. to purchase the part of its structured investment business that deals with hedge fund lending. Christophe Miann?, global head of SG (Soci?t? G?n?rale) CIB's equity derivatives...
February 22, 2005
CalPERS' Hedge Fund Investments Return 8.9% in 2004SACRAMENTO, Calif. (HedgeWorld.com)--Thanks in part to its hedge fund investments, the California Public Employees' Retirement System earned a 13.5% return in 2004 and grew by US$21.5 billion to US$182.9 billion. The growth in assets means CalPERS is bigger than it's ever been and by far the largest public pension fund...
February 22, 2005
Asset Flows Slowed in Fourth Quarter: TASSRYE, N.Y. (HedgeWorld.com)--Hedge fund investing slowed down toward the end of 2004, but the industry still managed to absorb a record US$123 billion in net inflows, according to research from Tremont Capital Management Inc.'s* TASS Research division. The fourth quarter saw the lowest net asset flow number TASS recorded all...
February 22, 2005
Short-Sellers Welcome January Thaw, While CTA Performance Is Put on IceNEW YORK (HedgeWorld.com)--Dedicated short-bias funds took investors by surprise posting a gain of 6.96% in January, according to the CSFB/Tremont Hedge Fund Index. At the same time, managed futures strategies gave up 5.39% after putting up healthy performance figures in recent months. Last month's index results show the strategies at...
February 17, 2005
Hatteras Registered Funds Scheduled to Hit the MarketRALEIGH, N.C. (HedgeWorld.com)--Hatteras Investment Partners' move from the wealth management and endowments to hedge funds will solidify later this year with the launch of its first SEC-registered funds of funds. Hatteras Multi-Strategy Fund I and II will be launched as soon as April 1 with an amendment forthcoming to change...
February 17, 2005
FTSE Hedge Index Down for JanuaryLONDON (HedgeWorld.com)--After a string of positive months, the FTSE Hedge Global Index posted a negative return for January 2005, negative 0.6% in U.S. dollars and negative 0.4% in GBP. The index is broken down into three styles. The biggest loser of the three was the directional style (-1.2%). Event-driven funds...