Hedge Funds
The latest hedge funds news to help advisors understand how these alternative investments can help boost portfolio returns and reduce risk.
New Firm Forms from Consultancy Partnership
By Staff WriterLONDON (HedgeWorld.com)--io Alternative Strategies has partnered with sister company PSolve Asset Solutions to create PSolve Alternative Investments, which will manage io Investors' funds of hedge funds. According to a statement, PSolve, a U.K. investment consultant group, saw greater demand for hedge funds and anticipated that a greater portion of returns...
October 12, 2004
UBS Opens Irish ShopLONDON (HedgeWorld.com)--UBS's hedge fund services division has opened an office in Dublin, Ireland. The new UBS Fund Services shop will be headed by Mark Mannon. It will employ 10 people, with plans for expansion, according to a UBS statement. The office will administer both onshore and offshore hedge funds with...
October 04, 2004
Proposed Legislation Could Lose Hedge Funds 'Deemed' InvestmentsSome nonqualified deferred compensation plans permit the plan's participants to have a "deemed" investment in a hedge fund. Sponsors of such nonqualified deferred compensation plans often invest in the hedge fund to avoid having an unhedged obligation to the plan's participants. Both the House of Representatives and the Senate have...
October 04, 2004
Sensing Growing Interest, Norshield Adds to TeamMONTREAL (HedgeWorld.com)--In a nod to growing institutional interest in hedge funds, Norshield Financial Group hired Tristram Lett to help bring in even more business. Norshield named Mr. Lett a senior vice president, and his job will be to help the firm increase its market share in alternative products creation, research...
October 01, 2004
Are Hedge Funds Worth It?In a rebounding stock market, hedge funds may not be the first to benefit, but in the long run they are certainly worthwhile, according to...
September 27, 2004
New Fund to Rise in ScotlandSTIRLING, Scotland (HedgeWorld.com)--Airthrey Capital is starting a new hedge fund with a trading focus on volatility of exchange-traded index options. Callum Campbell, founder and managing director of the fund, wants to launch the fund within a year and currently is recruiting staff, raising capital and working to gain FSA approval,...
September 27, 2004
Survey Finds Endowments, Foundations Favor Hedge Fund RegistrationNEW YORK (HedgeWorld.com)--Nearly 60% of foundations and endowments surveyed by the Hennessee Group LLC said they favor proposed Securities and Exchange Commission rules that would require hedge fund managers to register as investment advisers. However, among the bigger endowments--which tended to have more assets in hedge funds and more hedge...