Shareholders of the Bank of Bermuda have voted overwhelmingly in favor of the bank’s acquisition by HSBC. At a Special General Meet

The Relative Value Arbitrage Index recorded a small gain of 0.04% while almost all the HFRX Hedge Fund Indices lost ground in the week ended 24 February 2004.

PlusFunds Group, Inc. has introduced a new leveraged vehicle that tracks a hedge fund index. This vehicle seeks to track the performance of the Standard & Poor’s Hedge Fund Index on a leveraged basis, by leveraging the investor’s initial equity investment through additional capital, obtained through direct borrowing or the use of derivative transactions.  It will seek to maintain the targeted leverage multiple at a set level through regular rebalancing, although liquidity and other constraints may prevent the realisation of such target.   This new vehicle managed by PlusFunds intends to give similar benefits as existing S&P Hedge Fund Index-linked vehicles,

Focus Investment Group is preparing to launch the Focus Arbitrage Enhanced Fund on 1 March Focus expects to launch the Arbitrage E

Capital Management Advisors (CMA) has added Euro 80 million to the Pantheon Fund, a fund of hedge funds created by BNP Paribas and managed by CMA.

Over the past year HFR Europe has announced a string of deals with some of Europe’s leading institutions. John Godden explains the relevance of investable index trackers and structured products to institutional portfolios. 1)  What is the background to HFR Europe? HFR Europe was set up in 2001 to market the products of HFR Asset Management to the European institutional investor community, bringing their technology in the area of highly transparent, highly risk-controlled hedge fund investing which seemed to be very well-suited to the requirements of European institutional investors. HFR Europe is configured as an SEC-regulated fund of funds manager