Tuesday, 23 September 2014
Last updated 2 hours ago
Oct 18 2010 | 10:46am ET
The RBC Hedge 250 Index rose an estimated 2.2% in September, accounting for most of the year's 2.54% advance.
All nine of RBC Capital Markets' strategy indices were in the black last month, and all but two have a positive return year-to-date. Mergers and special situations funds led the way last month with a 3.54% return (5.27% year-to-date), followed by equity long/short at 3.45% (1.12% YTD). The latter no doubt benefit strongly for soaring stock prices; the Standard & Poor's 500 Index and Dow Jones Industrial Average enjoyed their best Septembers since the Great Depression last month.
Managed futures funds added 2.13% on the month (3.77% YTD), equity market neutral funds 1.92% (down 0.72% YTD), credit funds 1.81% (6.5% YTD), fixed-income arbitrage funds 1.44% (12.52% YTD), macro funds 1.21% (1.58% YTD) and convertible arbitrage funds 0.42% (down 1.45% YTD).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.