The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:More Boxes for Hedge-like Funds? Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 28, 2003

More Boxes for Hedge-like Funds?

by: Sean Hanna, Editor in Chief

Morningstar is considering adding another pair of new categories for mutual funds that act like hedge funds. The plans were revealed by Don Phillips, managing director, in an interview with Dow Jones Newswires. Phillips said that the categories will likely cover both market neutral funds and long/short equity funds.

The revelation comes on the heals of Morningstar's creation of a new "bear market" fund category that will track funds using shorting strategies or invest in puts or other derivatives to make bets that stock prices will decline.

Phillips explained that the bear market classification was created in part to ensure that the funds following these strategies did not confuse Morningstar's leader lists. He noted that because the funds follow extreme investment strategies they tend to dominate the list of both the leading and lagging funds depending upon the market environment.

If Morningstar does add the categories, don't look for a long list in each one. There are only about 50 funds that are now using hedge fund tactics, according to Lake Partners.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use