Wednesday, 17 September 2014
Last updated 10 hours ago
Jan 7 2010 | 2:08am ET
Hedge funds enjoyed a bump—albeit not a big one—in December, according to the Dow Jones Hedge Fund Strategy Benchmarks.
Equity long/short hedge funds rose an estimated 1.88% last month. The strategy ended the year up just 4.88%. Event-driven funds, the best of the three Dow Jones indices still being published on the year at 15.54%, added 1.14% in December. Merger arbitrage funds returned 1.02%, and 8.31% on the year.
Dow Jones’ convertible arbitrage, distressed securities and equity-market neutral benchmarks remain suspended.
Meanwhile, equity long/short funds have continued their rally in the early going on the New Year. The strategy is up an estimated 1.22% through Jan. 5. Event-driven funds are up 0.35% after the first two trading days of the year, while merger arbitrage funds dropped 0.17%.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.