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Fund managers as well as banks have been affected by the current financial crisis. This article focuses on the strategies they are adopting and concerns over the complexity of the [...]

Although there is no consensus allocation framework among institutional investors, assets invested in hedge funds have grown steadily in recent years. The reasons behind the absence of such a framework [...]

Throughout the second half of the month of September, investors and other participants in the hedge fund industry watched as Amaranth Advisors' Multi-Strategy Funds suffered extraordinary losses of approximately 65% [...]

The structure of hedge funds exposes the investor to numerous risk factors such as volatility, counterparty, or liquidity risk. Exposure to these risk factors is not only a source of [...]

Considerable academic research (Sengupta [20041) exists on the impact of the timing of release of corporate and investment information on performance measurement. For instance, accounting research has indicated that firms [...]

Hedge funds play an increasingly important role in institutional portfolios as an alternative to investments in traditional asset classes. Yet, the minimal disclosure requirements hedge funds face, coupled with an [...]

The objective of this article is to direct the attention of the mutual fund industry, its leaders, its clients, and regulators to lessons that can be learned from the hedge [...]

The present article aims to evaluate the performance of thirty-nine domestic bond mutual funds operating in the Greek financial market over the period 15/3/1999--31/12/1999. The ranking of the sample mutual funds is different between the average daily return, and the total risk. On the basis of the coefficient of variation the sample mutual funds are classified in nine categories. The performance of thirty-three mutual funds is affected, and can be explained to a satisfactory level by the movements in the Bond Index. On the other hand, the performance of twenty-five mutual funds is affected, and can be explained to a satisfactory level by the movements in the General Index of the ASE. The Bond Index appears to approximate the market portfolio closer than the General Index of the ASE. Twenty-seven from the sample mutual funds show values for alpha coefficient different than zero value that is assumed by the capital asset pricing model. Key words: Mutual fund, return, total risk, coefficient of variation, systematic risk, capital asset pricing model

AA/EEO Berkshire Associates 8930 Route 108, Ste. D Columbia, MD 21045 800-882-8904 ext. 2001 bai@berkshire-aap.com www.berkshire-aap.com For over 20 years Berkshire Associates Inc. has provided thousands of clients with tailored [...]

The mutual fund industry needs to integrate transactions up and down the supply chain in order to regain investor confidence. Some mutual fund managers are already using straight-through processing but regulatory rumblings are encouraging more widespread adoptions.

Annuity writers dominate the more than half-trillion-dollar 403(b) tax-sheltered annuity market, but mutual fund providers, including some insurers, are beginning to give them a serious run for the money. For [...]

WARREN BUFFET, the American investment guru, once remarked: 'It is not necessary to do extraordinary things to get extraordinary results. But it would seem that such a sentiment is lost [...]

WHEN CANADIAN mutual funds began lending securities in May 2001, market players like CIBC Mellon, State Street and RBC Global Services were keen to court prospective lenders. But the response [...]

The operations and management of United California Bank's mutual fund services of Los Angeles, CA, are described in detail by executives Robert Bannon and Stefan Ranzlov. Quantitative investing is the major philosophy.

Merger arbitrage is a key event-driven investment strategy that is considered to provide consistently attractive returns. In fact, most investors who had allocations to this strategy during the last few [...]

For many of the institutions feeding on the heady whirl of investment activity tied up in the world's capital markets, the prospects of `Carbon Lite' industries, a hydrogen economy, or [...]

BARCLAYS INTERNATIONAL FUNDS GROUP As at 31/10/01 Contact: Phil Sewell Tel: +44 (01534) 812737 Fax: +44 (01534) 812738 Funds Fund Fund Cur- Size of Mini- domi- Type rency fund mum [...]

Listed investment companies (LICs) can deliver solid returns even when the stock market goes down. They can help investors to achieve diversification and expose them to hundreds of companies in many industries. LICs are like managed funds, but are listed on the Australian Stock Exchange (ASX). Self-funded retirees are the most active investors in LICs because dividends are disbursed and because they are solid performers over time. They are recommended as good investments for all types of investors by some advisors.

This article evaluates retail managed funds across 11 categories, focusing on how small investors can navigate through all the information on funds that is presented to them. Funds include income, balanced, Australian share, Australian small company share, international share, listed property securities, balanced superannuation, balanced growth superannuation, balanced allocated pension, and balanced growth allocated pension funds.

The author argues that most employees are given inadequate advice on 401K asset allocation, due to the marketing-based nature of 401K plan vendors' investment education.

A&W Revenue Royalties Income Fund declared a cash distribution of 13.3 cents per trust unit for the period December 1 to December 31. According to a release, the distribution will [...]

The rise of low-cost managers like Vanguard should be celebrated IN THE past few years, industries including retailing, music and taxis have been spectacularly blown apart by low-cost innovators. Less [...]

After three near-phenomenal years, here are the funds shaping up as the best for 1998. For mutual fund investors, 1997 was the best of years--if you're willing to overlook a [...]

BIG CHANGES are afoot in the prime brokerage world. Once an esoteric business controlled by three players--Morgan Stanley, Bear Stearns and Goldman Sachs--it has become a hotbed of competition as […]

In the past year, most private funds devoted to energy have stoked their engines with new dollars. Couple that with new fund entrants and the arrival of hedge funds on [...]

"IN MY VIEW, prime brokers and [hedge] fund administrators will increasingly find themselves competing in the same space in terms of the services they can offer," says Rob Schultz, head […]

Clients of Houston-based Aim Investment Services don't have to worry about remembering passwords or PIN codes when seeking information about their portfolios over the phone. That's because last year, Aim […]