Thursday, 18 September 2014
Last updated 16 hours ago
Nov 12 2010 | 2:17am ET
The Man Group’s flagship AHL program has engineered a major turnaround this year. And, as befits a quantitative trading system, it did so with new computer programs.
After AHL lost 16% last year, Man introduced the new programs, which have helped it deal with the year’s volatile markets. The new systems limit the fund’s losses during down markets by keeping AHL from following down trends that prove not to be trends at all.
“We’ve increased the diversification of trading models, which has made returns more stable,” AHL CEO Tim Wong told Reuters. “Maybe so of the downward movements would have been sharper” prior to the new programs’ introduction in December.
Instead, AHL has managed a 15% return this year.
Wong said the new programs had been in the works for several years prior to their being put into production late last year.
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.