Monday, 30 March 2015
Last updated 2 days ago
Nov 14 2008 | 11:49am ET
State Street Global Advisors is now offering its hedge fund beta replication strategy via the firm’s new investment company, State Street Global Advisors Luxembourg SICAV.
Dubbed Premia, SSgA’s strategy seeks to generate long-term capital appreciation while mitigating the manager-specific risk and high fees associated with direct hedge fund investment. This strategy uses modern indexing techniques to approximate the overall exposure of hedge funds to systematic market, or “beta” risks.
State Street developed the strategy with academics William Fung and Narayan Naik of the London Business School and David Hsieh of Duke University.
“The Premia strategy is an appealing alternative for investors interested in gaining low-cost exposure to the risk premia that research suggests drive the majority of hedge fund returns, while providing the liquidity and transparency that many clients require,” said Kanesh Lakhani, senior managing director of State Street Global Advisors in the U.K.
Versions of SSgA’s Premia strategy have been in place for more than a year in a variety of segregated mandates.
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…