Hedge Funds Still Struggling: MSCI
By Staff WriterNEW YORK (HedgeWorld.com)-Funds lending to credit-sensitive issuers were the best performers in August, as the MSCI Hedge Fund Indexes struggled to stay out of negative territory. The early reporting funds in the MSCI Hedge Fund Composite Index returned 0.1% with 62% of funds reporting their performance through Aug. 31. In...
September 17, 2004
Debate on What Fair Value Should Mean According to GAAPNEW YORK (HedgeWorld.com)-In a letter to the Financial Accounting Standards Board, hedge fund industry veteran Leon M. Metzger argues that the fair value of an asset is best defined as the estimated exit price for the specific entity that is holding that position. He highlights differences in prices obtained by...
September 17, 2004
Colonial To Sell Accident Plan In Puerto RicoNU Online News Service, Sept. 17, 2004, 3:12 p.m. EDTColonial Supplement Insurance, Columbia, S.C., has introduced an accident insurance plan in Puerto Rico.[@@]The plan ...
September 17, 2004
Word & Brown To Sell Nationwide Calif. HSA PlansNU Online News Service, Sept. 17, 2004, 4:59 p.m. EDTWord & Brown Insurance Administrators Inc., Orange, Calif., says it will be selling 6 high-deductible ...
September 17, 2004
Lawsuit Asks: What Are CalPERS Managers' Fees?SAN FRANCISCO (HedgeWorld.com)--The California First Amendment Coalition has filed a lawsuit in state court asking that the US$166 billion California Public Employees' Retirement System be ordered to disclose the management and advisory fees it pays to private equity and hedge fund managers. The CFAC, a nonprofit corporation, began laying the...
September 17, 2004
AIMA Releases Updated Due Diligence QuestionnairesThe Alternative Investment Management Association is releasing improved due diligence questionnaires to aid its membership in selecting managers and service providers.
September 17, 2004
PacifiCare Buys Into National Small Group MarketPacifiCare Health Systems Inc., Cypress, Calif., is jumping into the national health insurance market.[@@]The West Coast managed care company has agreed to pay $502 ...
September 17, 2004
Morgan Stanley's Roach: Macro Trends Not SustainableNEW YORK (HedgeWorld.com)-Stephen Roach, Morgan Stanley's chief economist, warned that the out-of-whack world economy sooner or later will move into a correction, in part through the inability of U.S. consumers to maintain current spending levels with their heavy dependence on borrowing. Speaking at a forum organized by Drake Management LLC,...