Hedge Funds
The latest hedge funds news to help advisors understand how these alternative investments can help boost portfolio returns and reduce risk.
February 22, 2005
CalPERS' Hedge Fund Investments Return 8.9% in 2004SACRAMENTO, Calif. (HedgeWorld.com)--Thanks in part to its hedge fund investments, the California Public Employees' Retirement System earned a 13.5% return in 2004 and grew by US$21.5 billion to US$182.9 billion. The growth in assets means CalPERS is bigger than it's ever been and by far the largest public pension fund...
February 22, 2005
Asset Flows Slowed in Fourth Quarter: TASSRYE, N.Y. (HedgeWorld.com)--Hedge fund investing slowed down toward the end of 2004, but the industry still managed to absorb a record US$123 billion in net inflows, according to research from Tremont Capital Management Inc.'s* TASS Research division. The fourth quarter saw the lowest net asset flow number TASS recorded all...
February 22, 2005
Short-Sellers Welcome January Thaw, While CTA Performance Is Put on IceNEW YORK (HedgeWorld.com)--Dedicated short-bias funds took investors by surprise posting a gain of 6.96% in January, according to the CSFB/Tremont Hedge Fund Index. At the same time, managed futures strategies gave up 5.39% after putting up healthy performance figures in recent months. Last month's index results show the strategies at...
February 17, 2005
Hatteras Registered Funds Scheduled to Hit the MarketRALEIGH, N.C. (HedgeWorld.com)--Hatteras Investment Partners' move from the wealth management and endowments to hedge funds will solidify later this year with the launch of its first SEC-registered funds of funds. Hatteras Multi-Strategy Fund I and II will be launched as soon as April 1 with an amendment forthcoming to change...
February 17, 2005
FTSE Hedge Index Down for JanuaryLONDON (HedgeWorld.com)--After a string of positive months, the FTSE Hedge Global Index posted a negative return for January 2005, negative 0.6% in U.S. dollars and negative 0.4% in GBP. The index is broken down into three styles. The biggest loser of the three was the directional style (-1.2%). Event-driven funds...
February 17, 2005
Yes, Some New Hedge Fund Rules Start TodayCHICAGO (HedgeWorld.com)--Rules that expand the U.S. Securities and Exchange Commission's oversight of the hedge fund industry went into effect today, making Feb. 10 the demarcation line between the "old" era of lighter federal regulation and the "new" regime that requires most hedge fund managers with U.S. clients to register with...
February 04, 2005
Survey Probes Ultra-Affluent OutlookNEW YORK (HedgeWorld.com)--The ultra affluent--those with assets of US$25 million or more-- increasingly are using more sophisticated investment strategies, but overall they remain skeptical about hedge funds' lack of transparency, according to a new survey conducted by Citigroup Inc.'s Private Bank unit and the international management consulting firm McKinsey &...
February 01, 2005
Study Finds '2 and 20' Not the Only Game in TownLONDON (HedgeWorld.com)--Fee structures for hedge funds vary more than some investors are aware, and fund managers might ponder whether altering how and how much they charge could affect the attractiveness of their product, according to a study by Fitzrovia. The study, titled "Benchmarking Performance Fees," found that one-third of the...
February 01, 2005
Record Number of PIPEs in 2004 but Capital Raised Below PeakNEW YORK (HedgeWorld.com)--Private investments in public equity rebounded in the fourth quarter of 2004 to a record 1,269 transactions, according to San Diego-based Sagient Research Systems. But the combined value of these deals, US$15.49 billion in equity and equity-linked capital, remained below the 2000 peak. Sagient ranked Roth Capital Partners...
February 01, 2005
Hedge Fund Surge Drives Up Risk Management PayNEW YORK (HedgeWorld.com)--The rising tide of hedge funds has lifted the compensation boats of those in the risk management industry. According to a new survey by the executive search firm Risk Talent Associates LLC, total compensation for risk professionals grew by 9% in 2004 as compared with 2003 figures. Overall,...