EUROPE - The CSFB/Tremont Hedge Fund Index is up 0.85% for August 2002, according to Oliver Schupp, president of Credit Suisse First Boston Tremont Index.
Hedge funds continued to provide protection for diversified portfolios during August, said Schupp.
Year-to-date performance illustrates how valuable an allocation to a diversified hedge fund portfolio can be. While every major global index is down between –12.85% and –32.59%, the CSFB/Tremont Hedge Fund Index is up 0.82% for the year.”
Managed futures funds continued to provide important diversification for alternative investment portfolios, outperforming all style-based strategies for the fourth consecutive month, said Robert Schulman, co-chief executive officer of Tremont Advisers.
The CSFB/Tremont Managed Futures Index is up 3.36% for August and 15.87% year-to-date.
Performance for the CSFB/Tremont Hedge Fund Index and the nine style-based sector indices is calculated monthly.
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.