Monday, 30 March 2015
Last updated 17 min 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…