Investing April 10, 2000

Hedge Funds Continue Gains In First Quarter 2000

April 10, 2000 (PLANSPONSOR.com) - Hedge funds on average outperformed the S&P 500 in the last quarter, booking gains for the sixth consecutive quarter, according to preliminary estimates by Van Hedge Fund Advisors.
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On average, U.S. hedge funds in Van’s database booked a 12.4% net gain for the first quarter, compared with a 9.8% net gain for the S&P 500 over the same period. The Dow Jones Industrials posted a negative return in the quarter.

“Preliminary estimates show all but four investment strategies gaining in March, and all but two strategies are positive for the year to date,”said Steven Lonsdorf, Van’s CEO. “Several strategies, Income and Short Sellers, appear to be the winners of the funds reporting at this time.”

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The hedge fund advisory firm based its preliminary data on information hedge funds reported to Van.

Products April 8, 2000

TECH-CONSCIOUS – Calvert To Offer Technology Fund with a "Conscience"

August 4, 2000 (PLANSPONSOR.com) - Calvert Group plans to launch the Calvert Social Investment Fund Technology Portfolio, according to a filing with the Securities and Exchange Commission.
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The first-of-its-kind fund will focus on “socially responsible companies involved in the development, advancement and application of technology.”

The CSIF Technology Fund is the 16th fund in Calvert’s family of socially screened funds.

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Investments in the funds must meet Calvert’s standards regarding:

  • the environment
  • workplace issues
  • roduct safety
  • community relations
  • military weapons contracting
  • international operations
  • human rights, and
  • respect for the rights of indigenous peoples.

Investment advisory services will be provided by Calvert Asset Management Company, advisor to all of Calvert’s 25 mutual funds, with some $6.6 billion under management. 

Turner Investment Partners will be responsible for portfolio management. Turner Investment Partners manages approximately $10.2 billion in assets for a variety of institutional and individual investors.

– Nevin Adams       editors@plansponsor.com

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