Hedge fund database donated to center
Zurich Capital Markets makes record gift-in-kind
by Lou Wigdor, special to the Chronicle
he Center for International Securities and Derivatives
Markets (CISDM) has received a multi-million dollar gift of the
Zurich Alternative Investment Performance Databases from Zurich
Capital Markets (ZCM), an international leader in the alternative
asset management industry. The donation is the largest gift of its
kind in the University's history and is an integral addition to
CISDM's role as the premier university research center for the study
of alternative investments.
The Zurich Capital Markets
Database will be renamed the CISDM Database and will continue to
be listed monthly in MarHedge, a publication of Metal Bulletin LLC.
The database, which tracks the performance of hedge funds, commodity
trading advisors, and managed futures funds, lists current performance
for almost 2,500 entities, with performance dating to the early
1970s. It also holds records of several thousand other alternative
investment vehicles that have either gone out of business or ceased
public reporting of their performance.
"Having the database
in the hands of the center seems like its logical place, especially
with the progress and breakthroughs that are ongoing in the industry,"
noted Stephen Sinacore, ZCM's chief executive officer. "We
are proud to play a role in supporting the ongoing growth of study
in this area." Zurich Capital Markets, a member of the Zurich
Financial Services Group, is one of the world's premier alternative
asset management firms and a leading provider of innovative financial
products and services.
with ZCM includes previous work by faculty members and industry
specialists on the creation of its Hedge Fund Indices. "This
is a tremendous opportunity for our center and the University ...
," observed CISDM director Thomas Schneeweis, who is Michael
and Cheryl Philipp Professor of Finance at the Isenberg School of
Management. "The gift builds impressively on CISDM's extensive
research in alternative investments and on its educational relationship
with the alternative investments industry," he said.
A non-profit academic
research center at the Isenberg School, CISDM focuses on security
and investment fund performance in both U.S. and international asset
markets. CISDM's goals are to facilitate research in both traditional
and alternative investment markets, to promote interactions between
the academic and business communities, and to make available educational
material on international financial markets to financial and non-financial
firms. The center is home to the Journal of Alternative Investments,
distributed internationally by Institutional Investor.
Lou Wigdor is director of Communications at the Isenberg
School of Management