| QUARTERLY INVESTMENT REVIEW
NEW YORK -- In February, Fortress Investment Group, a manager of hedge funds and private equity, enjoyed a successful initial public offering. Now, Blackstone Group, a premier private-equity shop, is preparing to go public as well. And Wall Street is abuzz with promise of more to come. But are shares in these alternative investment firms a good deal for small investors? .
Sanlam launches a new batch of unit trust and managed funds
Sanlam Investment Management (SIM) has launched four new specialist unit trust funds and five new risk-profiled managed funds. Two of the specialist funds invest in local markets. One is an equity fund focusing on SIM's top 20 equity unit trust holdings and the other is a fixed-interest fund that can invest in the best-performing fixed-interest instruments or in listed property, depending on the interest rate cycle. The two funds that invest in global markets are denominated in rands. One fund focuses on the top 50 blue-chip shares globally, while the other fund feeds into a global dollar-denominated fund that invests in undervalued equity shares. The five managed funds are asset allocation funds of funds investing in other Sanlam funds selected by the fund manager and are designed as a one-stop solution for comsumers who fit into any one of five different risk profiles.
Carlyle Group to Launch Hedge Fund Business
HedgeCo.net - Private equity firm Carlyle Group is launching a $1 billion hedge fund called Carlyle Multi Strategy Partners, the fund is said to have a wide-ranging investment strategy. Last year, the $56 billion firm hired 2 new managers to head up a hedge fund business called Carlyle Blue Wave and has since put together a team of 55 for the unit. Carlyle, based in Washington, D.C., declined to comment on the timing of the hedge fund's launch. There has been a global rush of investment dollars into lightly regulated private partnerships such as private-equity firms and hedge funds. Private-equity firms use client funds to buy companies, take them private, restructure them, and sell them again, typically three to five years later. Hedge funds, by contrast, use clients' money to invest in a variety of securities and investments, frequently trading very actively and quickly in public markets.
Liquid Realty rondt 'Stapled Secondary' investering ter waarde van ...
( BW)(CA-LIQUID-REALTY) Liquid Realty Completes EUR 62 Million ''Stapled Secondary'' Investment in Two Pan-European Real Estate Funds Business Editors/Real Estate Writers SAN FRANCISCO--(BUSINESS WIRE)--April 10, 2007-- Stapled Secondary Investment Continues Liquid Realty's Strategy of Innovation and Expansion in Global Real Estate Secondary Investing Liquid Realty Partners, the global leader in real estate secondary investing, has committed EUR 62 million (US$82 million) to two pan-European real estate value-added funds in a stapled secondary transaction, the firm announced today. A "stapled secondary" transaction involves the acquisition of an interest in an established fund on a secondary basis, while making a concurrent primary commitment to a new fund being formed by the same manager. The funds, which are both sponsored by the European affiliate of a leading global real estate fund manager, have invested in highly diversified portfolios including lodging, multi-family residential, retail and office properties located throughout France, Germany, Italy, Switzerland, the UK, Finland and elsewhere in Europe.
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