Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Get Ready for the Rule: A Special HedgeWorld Report on SEC Registration, with Analysis from 13 Law Firms
By Staff WriterIts official name is Section 203(b)(3)-2 of the Investment Advisers Act of 1940, as amended, and amended sections 203(b)(3)-1, 203A-3, 204-2, 205-3, 206(4)-2 and 222-2 of the Investment Advisers Act, and Form ADV--but you can just call it "The New Rule and the Amendments," or just "The Rule." Whatever you...
December 13, 2004
November a Positive Month for S&P Hedge Fund IndexNEW YORK (HedgeWorld.com)--Hedge funds made their best returns in recent months on the S&P Hedge Fund Index, which ticked up 1.45% in November. Returns were led by directional/tactical and event-driven managers, which made gains on short U.S. dollar positions and long-equity index holdings as the dollar fell and equities inched...
December 13, 2004
CalPERS Consents to DisclosureSACRAMENTO, Calif. (HedgeWorld.com)--Seeking to strike a balance between disclosure and access, the US$177 billion California Public Employees' Retirement System reached a settlement with a First Amendment organization whereby the retirement fund will disclose profits earned and management fees and other costs paid to a host of hedge fund and private...
December 06, 2004
Latest Dexion Fund of Funds Launched, Listed on LSELONDON (HedgeWorld.com)--Shares of the third fund of funds from Dexion Capital plc have begun trading on the London Stock Exchange. The closed-ended fund, Dexion Trading Ltd. (LSE: DTL) closed its first day, Nov. 29, up a penny, to ?1.01, on volume of 181,451. The week before, Dexion Trading's initial public...
December 01, 2004
American Equity Expands Note OfferingNU Online News Service, Dec. 1, 2004, 11:44 a.m. ESTA major seller of equity-indexed annuities plans to raise more than $175 million on Wall ...
December 01, 2004
CalPERS Raises Its StakeIn November, the California Public Employees' Retirement System (CalPERS), the nation's largest public pension fund with assets totaling $168 billion, said it will increase its...
December 01, 2004
PIMCO funds: total return/i800-426-0107 www.pimcofunds.com Ticker: PTTRX Manager: William Gross Manager's tenure: 17 years Fund started: May 1987 Min. initial invest.: $5 million Load (front-end): 0.00% 12(b)-1 fee: 0.00% Net assets: $44.2 billion P/E ratio: NA P/B ratio:...
November 29, 2004
Former BofA Exec Markets New Prime Brokerage OfferingsNEW YORK (HedgeWorld.com)--Steve Vermut, former president and chief executive for Banc of America's prime brokerage business, is launching his own prime brokerage and performance-reporting business, Merlin Securities, targeted to hedge funds. In launching his new business, Mr. Vermut will rely on his extensive experience in the hedge fund industry. Mr....