Hedge Funds
The latest hedge funds news to help advisors understand how these alternative investments can help boost portfolio returns and reduce risk.
Labyrinth Teams Up with SAMCO
By Staff WriterMINNEAPOLIS (HedgeWorld.com)--Labyrinth Group LLC has reached an agreement with SAMCO Capital Markets to provide SAMCO and its clients access to Labyrinth's fund of funds. The Labyrinth...
November 09, 2004
Hedge Fund Services Unit Launched at BearingPointMcLEAN, Va. (HedgeWorld.com)--With former Capco executives at the helm, BearingPoint Inc. unveiled its hedge fund service unit, which will focus on due diligence and valuation...
November 09, 2004
S&P Index Shows Third Straight Positive Month for Hedge FundsNEW YORK (HedgeWorld.com)--Hedge fund managers active in directional and event-driven strategies led the S&P Hedge Fund Index to post a gain of 0.72% for October. The gain signals a slight comeback for the index, which has been posting small gains over the last three months after a slump earlier in...
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
Coronation Report: Volatility Down on Fed Official's RemarksLONDON (HedgeWorld.com)--Coronation International Ltd., in a report on its funds of funds results, said that the implied volatility of asset prices declined in September to an eight-year low, and it reported signs that some hedge fund strategies, especially those that require a long position on volatility, are being abandoned by...
November 02, 2004
DrKW Introduces Certificate Linked to Hedge Fund IndexNEW YORK (HedgeWorld.com)-- Dresdner Kleinwort Wasserstein, the London-based investment bank that is part of Germany's Dresdner Bank AG, will offer for the U.K. market a covered warrant based on a hedge fund index, starting Oct. 27, 2004. The underlying asset of this three-year tracker certificate is the HFRX Global Index,...
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...