Hedge Funds
The latest hedge funds news to help advisors understand how these alternative investments can help boost portfolio returns and reduce risk.
Merger Arb Returns Mirror Rate Hikes
By Staff WriterFederal 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...
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...
October 26, 2004
Pennsylvania Pension Funds May Be Subject to ReviewHARRISBURG, Pa. (HedgeWorld.com)--After more than two years of squabbling, the Pennsylvania Auditor General's office has won permission to conduct performance audits on the Pennsylvania State Employees' Retirement System. The pension fund case went all the way to the Commonwealth Court of Pennsylvania, which in a 6-to-1 ruling said that Auditor...
October 18, 2004
Rydex Taps Former Kenmar Executive for Index ProductNEW YORK (HedgeWorld.com)--Ed Egilinsky joined Rydex Capital Partners, a subsidiary of the Rockville, Md.-headquartered mutual fund complex, as director of intermediary services. Previously, he headed U.S. sales and marketing at Kenmar Advisory Corp., Greenwich, Conn. According to Rydex, Mr. Egilinsky's position was created in response to the growth of Rydex...
October 18, 2004
J.P. Morgan Report Sees Erosion in Some Hedge Fund Segments, Opportunities in OthersLONDON (HedgeWorld.com)--A report that describes 2004 as "almost a perfect storm hitting alpha" for active hedge fund investors, with a number of factors coalescing to dampen returns, finds that while hedge funds offer ample opportunities for profit in many areas, some of the commonly used strategies are eroding the very...
October 18, 2004
Hedge Funds Make Meager Gains in September: S&P Index ReturnsNEW YORK (HedgeWorld.com)--Returns for the S&P Hedge Fund Index are still better than those of the Standard & Poor's 500 stock index for the year through Sept. 30. In September, hedge funds gained 0.47%, according to Standard & Poor's. The leading strategy was managed futures. The S&P Managed Futures Index...
October 18, 2004
Sungard Introduces Daily Short Interest IndicatorsNEW YORK (HedgeWorld.com)--Sungard Institutional Brokerage Inc., part of the data processing and software company, is offering daily aggregates and weekly industry-level measures derived from stock borrowing data. In tests, these track the short interest numbers put out by exchanges once a month. Sungard Securities Borrow Indices cover the NYSE, Nasdaq...
October 12, 2004
In Hedge Fund Returns, a Skeptic Sees Lady Luck in ChargeNEW YORK (HedgeWorld.com)--Speaking at a recent seminar organized by the group 100 Women in Hedge Funds, Nassim Nicholas Taleb--author, mathematician, trader and chairman of Empirica LLC--argued that success in money management mainly is due to chance and disasters are inevitable for hedge fund investors. In this view, differences between managers...