Thursday, 18 September 2014
Last updated 57 min ago
Apr 13 2010 | 10:19am ET
GAM Holding is finally growing again, but its flagship funds of hedge funds have yet to join the renaissance.
The Swiss firm said its assets under management increased 5% in the first quarter to 119.1 billion Swiss francs (US$112.4 billion). While GAM’s funds of funds continued to suffer outflows—at a lower rate, it must be said, that last year—its single-manager hedge funds performed well enough and attracted enough new money to cover that loss and then some.
Much of the increase came in GAM’s fixed-income hedge funds. Augustus Asset Managers, the GAM subsidiary that manages its fixed-income hedge funds, had the largest inflow in the quarter.
GAM called the inflows to its hedge funds “encouraging.”
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.