What Are the Risks of Funds of Funds?
By Ben WarwickA hedge fund of funds (FoF) is simply that--a fund that invests in hedge funds. Such funds' potential to diversify portfolios of traditional holdings, and their relatively smooth return streams, has made them the darling of asset allocators. Investors of all stripes have swarmed to FoFs in recent years.
April 06, 2004
Horizon Hires Global CustodianCHICAGO (HedgeWorld.com)--Growing its assets from US$400 million to US$1.8 billion in the last five years, Horizon Cash Management now has named Northern Trust Company as...
April 06, 2004
Barep Opens Long/Short OfferingPARIS (HedgeWorld.com)--BAREP Asset Management officially launched its new long/short equity program with more than US$100 million in assets under management. The new fund, BAREP Condor Long...
April 06, 2004
MassMutual Enhances Disability Web SiteNU Online News Service, April 6, 2004, 11:30 a.m. EST -- Massachusetts Mutual Life Insurance Company has redesigned its Web-based educational tool aimed at ...
April 06, 2004
Georgia Approves Health Care Buying CoopNU Online News Service, April 6, 2004, 12:25 p.m. -- Georgia insurance regulators have approved the state's first health plan purchasing cooperative seven years ...
April 06, 2004
Putnam Lovell Adds to Alternative Investments GroupNEW YORK (HedgeWorld.com)--Putnam Lovell NBF Securities Inc hired Luke Imperatore as managing director in its Alternative Investments Group, a new position. The group raises capital for...
April 06, 2004
The Fed Approves Manulife-Hancock DealNU Online News Service, April 6, 2004, 10:40 a.m. EST -- The Federal Reserve Board has approved Manulife Financial Corporation's acquisition of John Hancock ...
April 06, 2004
Mercantile Fires Contego over Referral Payment FlapBALTIMORE (HedgeWorld.com)--Fallout from a controversial referral payment made to the mother of an executive at Mercantile Bankshares Corp. has led the bank to fire the...