Sunday, 21 September 2014
Last updated 2 days ago
Jul 1 2010 | 11:51am ET
Galena Asset Management bucked the commodities hedge fund trend in May with a big gain, while most its fellow commodity hedge funds suffered drawdowns.
London-based Galena’s $700 million commodity fund jumped 4.2% in May, its best return of the year. While the average commodity fund dropped by more than 1.5% on the month, Galena saw its bullish bet on gold and bearish bet on copper pay off. The fund is now up 8% on the year, Bloomberg News reports.
By contrast, BlueGold Capital Management lost 12.5% in May, Armajaro Asset Management lost 8.8%, Clive Capital lost 6%, and Touradji Capital Management lost about 5%.
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.