Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
The Case for Edge Funds
By Staff Writer"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...
November 22, 2004
PBHG Funds Founders Settle Market Timing CaseNov. 17, 2004 -- The founders of the PBHG mutual funds agreed to pay $160 million in restitution and fines and to accept a lifetime...
November 22, 2004
Morgan Stanley Investment Chief: Hedge Funds Have Become Volatility-ShyNEW YORK (HedgeWorld.com)--After years of being considered synonymous with excessive risk, hedge funds are now avoiding it and becoming more like mutual funds, a hedge fund veteran said Wednesday. According to Morgan Stanley Managing Director and Senior Investment Strategist Byron Wien, there has been a philosophical shift in the industry...
November 22, 2004
Hedge Fund Asset Flows Pass US$100 Billion Mark, TASS Research SaysNEW YORK (HedgeWorld.com)-- According to research compiled by Tremont Capital Management Inc.'s* TASS Research, the net flow into hedge funds totaled US$25.1 billion in the third quarter, a figure that brings the net inflow of assets to the industry to a record-breaking US$100 billion for 2004. For all of 2003,...
November 22, 2004
SEI Seminar Urges Hedge Funds to Comply with New SEC RulesOAKS, Pa. (HedgeWorld.com)--The Securities and Exchange Commission's new rule isn't effective until Feb. 1, 2006, but some are advocating advance preparation regardless of the legal challenges reportedly in the works. The SEI Knowledge Partnership, an effort on the part of SEI Investments' investment manager market unit to analyze business and...
November 22, 2004
MSCI Indexes Show Small Gains in OctoberNEW YORK (HedgeWorld.com)--Hedge fund performance was up slightly last month, with directional trading strategies topping the MSCI Hedge Fund Composite and Process Group indexes. The composite index gained 0.8% with 65% of funds reporting their October returns by Nov. 10. The hedge fund index has yet to surpass the MSCI...
November 12, 2004
Skandia Appoints Liberty Ermitage for US$100 Million AccountSTOCKHOLM, Sweden (HedgeWorld.com)--Skandia Liv, the life insurance subsidiary of Skandia, has appointed the Liberty Ermitage Group, Jersey, to run its Japanese long/short equity account. The account will be funded gradually up to US$100 million, according to a statement LEG issued Nov. 11. LEG has been represented in the Nordic region...
November 12, 2004
Island in the Funds: Jersey Shows GrowthLONDON (HedgeWorld.com)--The Jersey hedge fund industry has continued to expand, with the number of funds now serviced there rising almost 14%, to 839 funds and subfunds, over the year previous to June. Total net assets represented by those funds rose from $US102.3 billion to $US107 billion, according to Fitzrovia, which...