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GIA takes four paths to hedge funds

London-based Global Investment Advisers (GIA) has introduced the GAIM hedge fund.

The fund is listed on the Dublin Stock Exchange and is domiciled in the British Virgin Islands. Available to UK investors, the minimum investment into the fund is either $10,000 or 10,000 Euros

Aimed at high net worth sophisticated investors who understand the way the hedge fund market works, the fund will have a passive investment strategy. It will use up to 20 hedge funds that will be divided into four main strategies in order to spread the risks.

The four strategies will be macro, market neutral, long short equity and event driven. Macro hedge funds are ones which are affected by major economic events that have a global effect, such as falls in major currencies like the dollar. Event driven hedge funds are related to the macro area and are affected by economic developments in individual countries. Market neutral hedge funds invest in areas where the markets are relatively stable and do not go up or down by much. Long short equity hedge funds buy when prices are low and seem likely to rise, and sell when they are high and seem likely to fall.

Hedge funds can be risky investments as they rely on the ability of their managers to effectively outguess the markets. However, the global hedge fund market has seen strong growth in 2001. According to a recent report by TASS Research, the research arm of investment company Tremont TASS, $8.4bn in new business was invested into hedge funds in the second quarter of 2001. Total new investment for 2000 was $8bn.

According to Standard & Poor’s the Argyle global equity appreciation fund, which is managed by Global Investment Advisers, is ranked 37 out of 245 funds, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over three years to August 27, 2001.


Deutsche bonds with the market

Deutsche Asset Management has brought out the new Deutsche corporate bond + fund.Created as an open-ended investment company (Oeic), the fund is designed to provide income. It is aimed at cautious investors who are looking for exposure to the stockmarket, but with a low level of risk attached as well as a higher rate of […]

GMAC appoints asset sales head

Sub-prime lender GMAC, part of the financial services arm of General Motors, is appointing Steve Khan as head of asset sales.Khan joins GMAC from Platform Homeloans where he was head of marketing. He was with Private Label from 1992 to 1999 after three years with UCB Home Loans.GMAC chief executive Colin Duggleby says: “This is […]

NUHC reaches three quarter of a million customers

Norwich Union Healthcare is celebrating a milestone as it announces it has 750,000 customers with private medical insurance and income protection cover.The provider attributes the growth it has enjoyed to success in the corporate market, successfully targeting of first-time buyers of PMI and a restructuring of its intermediary support services.Of the customers, 619,000 have taken […]

Coventry revamps fixed-rate loans

Coventry Building Society is overhauling its range of fixed-ratemortgages. For customers borrowing up to 75 per cent loan to value, thereare loans fixed at 5.25 per cent until 2004 or at 5.65 per cent until 2007.For those borrowing up to 95 per cent LTV, loans are fixed at 5.35 per centuntil 2004 or at 5.85 […]

Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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