The Pennsylvania Avenue Funds Launch Event-Driven Fund
Washington, DC (ContentDesk) January 7, 2004--The Pennsylvania Avenue Event-Driven Fund, a series of The Pennsylvania Avenue Funds, has launched a new mutual fund that offers investors the ability to invest in event-driven strategies. Thomas Kirchner, CFA, president and portfolio manager of the fund, emphasizes that there are not many options outside the hedge fund universe for investors to invest in multiple event-driven strategies through a single, regulated mutual fund. "We cater primarily to investors interested in alternative strategies but concerned about the risks of unregulated hedge funds. In addition, because we invest directly in securities rather than other funds, we expect to have lower expenses than so-called ?retail hedge funds', which can incur multiple layers of fees" says Kirchner.The fund uses four event-driven strategies, and the allocation of fund assets to each of these strategies will vary over time and depend upon market conditions:????Merger arbitrage: The Fund invests in the securities of companies subject to publicly announced mergers, takeovers, tender offers, and other corporate reorganizations. ????Capital structure arbitrage: The Fund invests in different securities issued by the same issuer whose different securities are mispriced relative to each other.
????Distressed securities investments: The Fund invests in distressed securities, which are securities of companies who are in or near bankruptcy or whose securities are otherwise undergoing extreme financial situations that put the continuation of the issuer as a going concern at risk. ????Proxy fight investments: The Fund invests in securities of companies that are subject to a proxy fight over control over the company.Investor Class Shares of the fund carry a management fee of 1%, and total operating expenses, after fee reimbursements, are 1.50%. The Fund acts as its own distributor and underwriter for its Investor Class Shares. There is no performance fee.The fund requires a low minimum investment of $1,000.CONTACT INFORMATION:The Pennsylvania Avenue FundsP.O. Box 9543Washington, DC 20016888-642-6393 (Toll-free)e-mail protected from spam bots (e-mail)http://www.PennAveFunds.com (Web)http://wap.PennAveFunds.com (Wireless Web)The fund is sold by prospectus only and may not be available to residents of all jurisdictions.
Contact the fund at the above address to obtain a copy of the most recent prospectus..
Risk Capital & Global Change Associates Announce Affiliation
Risk Capital and Global Change Associates announce an affiliation on energy risk, litigation support and hedge fund advisory services. Risk Capital, (formerly known as Risk Capital Management Partners), headed by David Shimko, is a recognized leader in market and credit risk. Global Change Associates is noted for its cutting edge insights and analyses into energy market & trading developments."GCA ?s reputation on energy markets and trading blends very well with Risk Capital's core expertise," said Risk Capital CEO David Shimko."The affiliation with Risk Capital gives GCA unprecedented resources and expertise in energy analytics, quantitative analysis, and energy contracting services," said GCA Chairman, Peter C. Fusaro.The firms, both based in New York, are targeting opportunities throughout North America in litigation support services in energy contracting, M & A due diligence, energy risk management and credit evaluation projects.Risk Capital advises clients on effective management...
Risk Capital & Global Change Associates Announce Affiliation
Hedge funds > Risk Capital & Global Change Associates Announce Affiliation
Emerging Market Exchange Traded Funds Doing Well
San Francisco, CA (ContentDesk) February 18, 2006 -- If you look at the leading 10 Exchange Traded Funds so far this year, you will see many of these funds are Emerging Market Funds. In general these funds are doing better then US Funds.In spite of there strong performance, all Emerging Market Funds are not the same. You need to see what the underlying Equities are that make up these funds, and then look for trends.The Foreign ETFs that are invested more in manufacturing are doing the best in this area now. This is a shift from what we have seen in the past. The Emerging market ETFs that previously have had the best performance were those that have invested in companies that income was based on commodities, especially oil.Two of the leading emerging market exchange traded funds are iShares MSCI Brazil (EWZ) and iShares FTSE.XINHUA China 25 Index Fund (FXI).
These funds are doing well and institutional investors are still showing confidence in these ETFs. This is a trend that has...
Emerging Market Exchange Traded Funds Doing Well
Hedge funds > Emerging Market Exchange Traded Funds Doing Well
HedgeConnection.com Launched to Revolutionize Hedge Fund Marketing
New York, NY (ContentDesk) October 13, 2005 -- Hedge Connection Inc. ( Hedge Connection ) today announces the formal launch of its web-based investor marketing service, http://www.hedgeconnection.com.
Hedge Connection is the first service available that encourages direct interaction and provides, subject to certain safeguards, unobstructed flow of information between hedge funds and investors. Hedge funds are charged a fixed annual fee to gain direct access to investors with no commission on the back-end.
Qualified investors join for free and gain access to detailed information on hedge fund members.
The HedgeConnection.com dual search engine allows hedge funds to contact a database of qualified investors that match their search criteria, and enables qualified investors to search for hedge funds that match their specific parameters.
There are currently over 450 investors on the site representing...
Hedge funds > HedgeConnection.com Launched to Revolutionize Hedge Fund Marketing
PerTrac and MSCI Barra Announce Renewed Relationship
New York, NY (ContentDesk via ContentDesk Direct) July 13, 2006 -- PerTrac Financial Solutions, LLC, (PFS) creator of the PerTrac Analytical Platform, the worlds leading asset allocation and investment analysis software, announced today that it has renewed its relationship with MSCI Barra, a leading provider of benchmark indices and risk management analytics products.????The MSCI Hedge Fund Indices and Database, introduced in 2002, are a widely-used source of information on alternative investments, consisting of more than 190 indices as well as containing data on over 2,600 hedge funds and CTAs.
The indices, which are calculated based upon the performance of the funds in the database, serve as an important representation of the hedge fund opportunity set and are distinguished by their transparency, 95%+ monthly constituent reporting, and superior system of categorizing hedge funds using MSCI Barras granular Hedge Fund Classification...
Hedge funds > PerTrac and MSCI Barra Announce Renewed Relationship
UtiliPoint and Global Change Associates? Hedge Funds In Energy Online Seminar to Be Repeated
UtiliPoint? International, Inc. (UtiliPoint?) and Global Change Associates announce that they will repeat the popular online seminar ?Hedge Funds: the next wave in energy trading' due to continued heavy interest in the activities of energy hedge funds. The second online seminar is now scheduled for November 4th, 1pm ET.
The two companies' recently released the results of their research into hedge funds in energy and have also created the first directory of energy hedge funds."With energy prices at record levels and continuing speculation in the media regarding the role played by hedge funds, interest is high," reports Dr. Gary M.
Vasey, VP Trading & Risk Management Practice for UtiliPoint.
"Our first on-line seminar attracted a ?crowd' and we have had ongoing and repeated requests to repeat the session.""There is tremendous interest on what the hedge funds are up to the energy sector, and we keep discovering new things about them through our ongoing research,"...
Hedge funds > UtiliPoint and Global Change Associates? Hedge Funds In Energy Online Seminar to Be Repeated
Alpha Hedged Strategies Fund Passes the $100 Million in Net Assets Mark and Continues to Attract New Investors
Alternative Investment Partners, LLC (AIP) is pleased to announce a number of significant milestones for its Alpha Hedged Strategies Fund (Ticker: ALPHX). The Alpha Hedged Strategies Fund is an innovative, open-end mutual fund designed to minimize equity market exposure and volatility by employing a variety of absolute return strategies.
The Fund represents the next generation of product for hedged alternative strategies investing, and is open to all investors.The Alpha Hedged Strategies Fund continues to attract new investors, and recently passed the $100 million mark in net assets.
The Fund has also recently qualified to be listed daily in print publications such as the Wall Street Journal, Barron's and The New York Times."The registered advisor community has really warmed up to...
Hedge funds > Alpha Hedged Strategies Fund Passes the $100 Million in Net Assets Mark and Continues to Attract New Investors
Hedge funds
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