Monday, 22 September 2014
Last updated 17 min ago
Mar 18 2010 | 8:42am ET
Hedge funds returned an average of 0.78% in February, returning to their winning ways after a month off in January.
“Hedge funds bounced back in February, more than making up for their 0.34% loss in January,” Sol Waksman, founder of BarclayHedge, said of the Barclay Hedge Fund Index. “While U.S. and Asian equity markets gained ground in February, European-linked assets underperformed due to concerns about sovereign debt default in Greece and fears of possible contagion impacting the weaker European Union members.”
The Barclay index is up 0.42% after the first two months of the year. All but three of its 18 subindices were in positive ground last month, with equity short-bias funds dropping 2.02%, European equities 0.62% and Pacific Rim equities 0.09%.
The winners were led by technology funds, which were up 2.3%, followed by equity long-bias at 1.66%, healthcare and biotechnology at 1.25% and event-driven at 0.98%. On the year, distressed securities is the top-performing strategy at 3.19%.
Commodity trading advisors rose 0.19%. Funds of hedge funds returned 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.