Category: ETF, Hedge & Mutual Funds
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Private interest could create more gold funds
The five gold-backed investment funds already traded around the world could be the tip of the iceberg if investors allocate more of their funds to the metal, an official at the World Gold Council said this week. “We are just starting to see a transition,” Katharine Pulvermacher, head of asset allocation research at the World…
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Fund managers are in poachers’ sights
We all know how important a manager is to the success of a fund, but the poaching of top talent has become so widespread in the asset management industry that it is threatening to undermine investor confidence. Fund-hopping is an occupational hazard for Robert Burdett, who runs several funds of funds for Credit Suisse Asset…
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Affordable offshore investing
For Deutsche Bank and the JSE, the launch of Itrix, their range of international exchange traded funds (ETFs), could not have come at a better time amid fierce public debate on fund management fees. An ETF is a basket of shares that passively tracks an underlying index and is itself listed on a stock exchange.…
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Cayman Islands attracting 35 new Funds per week
Attracted by the jurisdiction’s light tax and regulatory touch, the Cayman Islands authorities are registering almost 35 new funds per week, according to Gary Linford, head of the Investment and Securities Division of the Cayman Islands Monetary Authority. Speaking at a fund industry seminar in Jamaica last month, Mr Linford noted that the Cayman Islands…
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Cheaper way yet to invest offshore
Two new funds will be listed at the JSE Securities Exchange on October 6. Two new Exchange Traded Funds (ETFs) based on international indices are to be listed on the JSE Securities Exchange in October, opening up cheaper access to foreign markets for individuals and retirement funds. Until now, most foreign investments offered by the…
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Market timing hedge funds are not extinct yet, a new study finds
NEW YORK (CNN/Money) – Mutual fund timing — the controversial hedge fund strategy which plagued mutual funds and was stamped out by U.S. regulators — lives on offshore and could eventually come back to the U.S., according to a new report. In a study titled “Hedge Fund Demand and Capacity,” Van Hedge Fund Advisors, a…
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Record number of new Hedge Funds launched in Cayman Islands
WEST PALM BEACH, FL (www.hedgeco.net) – A record number of new hedge funds were created during the first half of 2005, according to Busnesswire reports. Despite the global slowdown in hedge fund returns during the first half of 2005, there was a 13 percent increase in the number of new hedge fund launches compared to…
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Asia becomes haven for US hedge funds
A growing number of US hedge funds are setting up offshore, especially in Asia, as the maturing industry becomes increasingly global and funds look beyond US borders in a bid to boost waning returns. Bear Stearns plans to launch a $450m fund investing in hedge funds that specialise in Asian markets, according to several industry…