Friday, 19 September 2014
Last updated 1 hour ago
Feb 16 2007 | 12:52pm ET
Hedge fund managers take note: If you plan on losing 30% in a month, it helps to have tripled your clients’ money in the previous calendar year.
Metals-trading hedge fund Red Kite plummeted by about a third last month, battered by dropping copper prices. But the fund, which extended to 45 days the notice required to redeem investments in the wake of the loss, said in a statement today it hasn’t seen an avalanche of redemption requests.
“Our investor base, including all of our major investors, has given us strong support and encouragement for the future,” London- and New York-based RK Capital Management, which runs Red Kite, said. Investors had until yesterday to request withdrawals on March 31, and RK characterized the number of such requests as “insignificant.”
The bad news about January came after Red Kite posted a year of the ages in 2006, returning 188%.
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.