FUND OF FUNDS
What turns a fund into a star? USA Today We select a USA TODAY All-Star Mutual Fund Team each year based on consistent performance and experienced management. Here are some questions and answers about how we choose them and how you can use the 2007 All-Star funds to create a diversified portfolio. Norway's $287 Billion Pension Fund May Invest in Real Estate Bloomberg.com Feb. 26 (Bloomberg) -- Norway's $287 billion global pension fund, Europe's largest retirement savings plan, may invest as much as 15 percent of its assets in property and leveraged buyout funds to boost returns. 2006 PerTrac Hedge Fund Database Study Shows 61 Percent Increase in Hedge Funds and Funds of Hedge Funds PR Web The study, released annually since 2003, has become a widely-followed indicator of the size and composition of the hedge fund industry. The 2006 study was conducted using data from twelve major hedge fund databases, combined and analyzed with the PerTrac Analytical Platform, the world’s leading investment analysis and asset allocation software application. (PRWeb Feb 26, 2007) Post 2006 PerTrac Hedge Fund Database Study Shows 61 Percent Increase in Hedge Funds and Funds of Hedge Funds PRWeb via Yahoo! News The study, released annually since 2003, has become a widely-followed indicator of the size and composition of the hedge fund industry. The 2006 study was conducted using data from twelve major hedge fund databases, combined and analyzed with the PerTrac Analytical Platform, the world’s leading investment analysis and asset allocation software application. Challenger Doubles Profit on Increased Funds, Assets Update3 Bloomberg.com Feb. 26 (Bloomberg) -- Challenger Financial Services Group, an Australian fund manager backed by billionaire James Packer, said first-half profit more than doubled after it boosted the amount of funds it oversees for investors. SV Life Sciences raises $570M for fourth fund BizJournals SV Life Sciences said it raised more than $570 million for its fourth venture fund, an amount that brings the firm's total funds advised or managed to $1.6 billion. Target funds useful but may be too generalized Boston Globe Q. Vanguard recently started a new fund class, Target Retirement funds. Each fund is pegged at a person's expected year of retirement. The funds automatically balance their holdings among US stocks, foreign stocks, and bonds in a mix appropriate to the retirement year. The expense ratio is 0.2 percent, which compares very well to its other index funds. Fund choices not just about year you'll retire Seattle Times Q: Vanguard has a new fund class, Target Retirement funds. Each fund is pegged at a person's expected year of retirement. The funds automatically balance Hedge Fund Copycats Catch Mutual Fund Buyers as Returns Dwindle Bloomberg.com Feb. 26 (Bloomberg) -- Just when mutual funds are about to peddle the closest thing to hedge funds to individuals, the returns of these exclusive investments for millionaires are drying up. Atlanta Fed Q4 Economic Review: Focus on Hedge Funds SeekingAlpha via Yahoo! Finance Christopher Holt submits: As mentioned last Thursday, the Atlanta Fed dedicated its Q4 06 Economic Review to hedge funds, featuring lengthy articles from Fung & Hsieh, Andrew Lo and fellow academics from Columbia, UMass, & UC San Diego.fund+of+funds: , , , , fund+of+funds
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