Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Goldman & Morgan Alumni Launch Eton Park, A Multi-Strategy Fund
By Staff WriterNEW YORK (HedgeWorld.com)--Eric Mindich, some of his fellow alumni of The Goldman Sachs Group Inc. and Stuart Hendel, formerly of Morgan Stanley, have founded a hedge fund, Eton Park Capital Management LP, with more than US$3.5 billion in assets. A spokesman for Eton Park declined any comment. Bloomberg reported, though,...
November 02, 2004
September Sees Boost in Hedge Fund Index Returns: MSCINEW YORK (HedgeWorld.com)--Long/short equity managers' performance rose along with that of equity markets in September, helping the MSCI Hedge Fund Composite Index gain 1.15% last month. For the year through Sept. 30, the index is up only 1.95%, as discretionary trading funds and other hedge fund strategies gained ground after...
November 02, 2004
Funds of Funds Picks Risk Management TechnologyMORRISTOWN, N.J. (HedgeWorld.com)--Adapting its portfolio to include risk budgeting techniques, Prisma Capital Partners now uses Riskdata's FOFiX software to improve its risk management. Prisma's business was launched earlier this year as a joint venture between three former Goldman Sachs partners and Aegon N.V.'s U.S. investment arm. The firm acquired Aegon's...
November 01, 2004
Serota Lands at Ernst & YoungNEW YORK (HedgeWorld.com)--Ernst & Young hired Michael J. Serota to lead its global hedge fund tax practice. Mr. Serota previously worked at Deloitte & Touche, where he was a partner and leader of that firm's national hedge fund practice, and at Arthur Andersen, where he was co-leader of the hedge...
November 01, 2004
Merger Arb Returns Mirror Rate HikesFederal Reserve policy makers raised the federal funds rate to 1.75% with three hikes in the period from June through September and indicated a continuation...
November 01, 2004
Complicated GiftsFirst there was the guy who wanted to donate his banana tree to charity--he insisted that it was worth $35,000, but demanded that the charity's...
October 26, 2004
Donaldson: We'll Win Back Distrustful Investors by Registering AdvisorsWASHINGTON (HedgeWorld.com)--William H. Donaldson, chairman of the Securities and Exchange Commission, used the occasion of a speech to a mutual fund directors' group to make the case for the SEC's recent and continuing reform agenda, including the hedge fund adviser registration initiative. Mr. Donaldson, speaking to the Independent Directors Council...