Monday, 30 November 2015
Last updated 2 days ago
Nov 28 2012 | 1:06am ET
A New York Life Investment Management subsidiary has launched its first funds of hedge funds.
MainStay Investments said the funds are designed for small and medium-sized institutional investors. The vehicles, a master fund and a feeder fund, are subadvised by Richmond, Va.-based Private Advisors.
The Private Advisors Alternative Strategies Master Fund and its feeder invest in a variety of hedge fund strategies, including credit, event-driven, global macro, long/short equity and relative value.
"Institutional investors and pension funds have long relied on alternative investments such as hedge funds to diversify their portfolios and achieve returns," MainStay President Stephen Fisher said. "Today, we’re seeing more and more demand among individual investors for investments that offer the benefits of hedge funds—long-term capital appreciation, less volatility and a low correlation to the equity and fixed-income markets—with more liquidity and flexibility."
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…