Monday, 22 September 2014
Last updated 2 days ago
Feb 15 2007 | 4:35pm ET
The fourth quarter was a good time to be in emerging markets and bad time to be in Japan, according to MSCI Barra’s fourth-quarter MSCI Hedge Fund Indices Global Summary. In fact, the same could be said of 2006 as a whole.
MSCI’s emerging markets and global markets indices led the way in Q4, returning 7.9% and 7.7%, respectively, bringing both strategies to 17% for the year. Japan, on the other hand, was the only MSCI hedge fund index in the red for the year, as its anemic 0.5% performance in the fourth quarter was not enough to drag it into positive territory. It finished the year down 4.7%.
The overall MSCI Hedge Fund Composite Index had a strong quarter, returning 5%, but it’s full-year return of 11.3% lagged far behind the MSCI World Equity Index, which returned 20.1%. Still, investors continued to pour money into hedge funds, as funds covered by the index added some $4.1 billion in the fourth quarter. Those who invested in smaller funds were awarded, as funds with between $15 million and $100 million in assets outperformed the MSCI Core Fund Index, 5.2% to 4.7%.
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.