Strategy
measuring performance
A meaningful methodology to assess hedge funds is difficult to find
Russia rules in Eastern European long/short
Hedge managers are treading carefully in Western Europe but are finding profits from low correlation in Eastern Europe, notably Russia
Appleton to expand its portfolio with two funds
Group plugs gap left by scott campbell's resignation
Sharpe practice
Schroders' emerging markets Astra fund is aiming to achieve good returns with a Sharpe ratio of about one and two-thirds the volatility of its benchmark
Hedge funds excluded from Ucit-qualifying portfolios
directive restricts exposure to short-selling
Rothschilds offers fund of market neutral funds
Rothschilds takes a historic step away from its traditional multi-manager structure with focused product
Making the most of europe
While the rules are onerous and due care needs to be taken, funds can be sold into most EU states
Parkway will open its global macro fund in July
fund aims to take advantage of change in economic cycle
Media money-spinner
The manager of the Lindsell Train media hedge fund has a simple objective ' to make money and the proliferation of media distribution platforms is helping him to meet his aim
The Italian attraction
Tax incentives are enticing investors to the Italian hedge fund market, to such an extent that the market is expected to double by the end of 2002.
Reality check
Equity hedged portfolios with a bias toward the US are popular in the market at present
Regulators consider opening hedge funds up to retail investors
Hedge fund operators ready themselves for momentus operational changes to their marketing strategies
Managers face pressure to reduce fees to boost returns
JP Morgan Chase favours multi-strategy funds
Global macro funds suffer in unpredictable markets
Uncertainty over global economic recovery and its feed through to companies has created divided opinion on the global macro sector