Thursday, 26 November 2015
Last updated 20 hours ago
Jul 19 2012 | 10:29am ET
Van Eck Associates has bought Lyster Watson's hedge fund beta business.
Terms of the deal were not disclosed. Van Eck will call its suite of hedge fund beta indices Trackers; two are already available as investment products.
Those two strategies, North American and emerging markets long/short equity, currently have more than $75 million in assets under management. Trackers indices also cover Western Europe, developed Asia and global long/short strategies and event-driven equity. Only strategies that can be statistically replicated by U.S.-listed exchange-traded funds are included.
"We're very excited to add the Hedge Fund Beta Team and its sophisticated methodology to our alternatives group," said Jan van Eck. "Their innovative approach to tracking hedge fund performance is a great fit with our existing alternative strategies and is an approach we believe has applications for investors looking to build and manage a diversified alternative investment portfolio."
The Tracker suite is managed by Marc Freed, Mark Hurrell and Ben McMillan.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…