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Magnum hedges its bets with bull and bear fund

Nassau-based offshore investment company Magnum is hedging its bets with its new bull & bear fund.

Bull & bear is a fund of hedge funds aimed at high net worth individuals and institutional investors such as pension fund managers and banks, with the minimum investment limit being $100,000.

The fund aims to avoid any volatility in the world&#39s stock markets by investing in an average of 15 to 20 hedge funds to provide growth. These funds will include arbitrage funds which identify markets which are going down and look to counterbalance these by investing in rising markets, funds in markets that are neither bullish nor bearish and long or short funds.

Long funds buy stocks in the hope that they will rise, so that the stocks can be sold for a profit when the price peaks. Shorts funds achieve the opposite by identifying falling stocks that can be bought cheaply when the price hits bottom.

Fund of hedge funds offer better returns than normal fund of funds, but with a slightly higher level of risk. Investors keen on getting into the Dow Jones or Nasdaq 100 indices in particular might bear this in mind due to their recent peaks and troughs.

According to Standard & Poor&#39s the Magnum capital growth fund is ranked 2 out of 48 funds, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over three years to August 7, 2000.


Mortgage Next designs brochure for range

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The impending arrival of stakeholder pensions has given IFAs some headaches over the past couple of years.RU64, issued in April 1999, left many IFAs puzzled over the precise meaning of “material disadvantage” if a policyholder elects to switch to a stakeholder pension from a personal pension.Advisers recommending the current range of personal pensions must explain […]

Standard in mailing blunder

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Small hope of exemption

For many of us, stakeholder pensions have been a feature of our lives ever since the publication of the Green Paper over 18 months ago.Most big companies which have regular contact with their professional advisers are well aware of the impact of stakeholder on their businesses. It is only now, however, that significant numbers of […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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