Sunday, 21 September 2014
Last updated 1 day ago
Dec 6 2010 | 4:22am ET
Hedge funds suffered their worst month since May's "flash crash" in November, according to the Bloomberg Aggregate Hedge Fund Index.
The average hedge fund lost 1.5% last month as stocks declined amid fears about European debt. The Bloomberg Index is up just 3.8% this year, a far cry from last year's double-digit returns.
Asset-backed securities funds really took it on the chin in November, dropping 5.2%. Still, investors can take heart in a 15% return with just one month of the year to go.
Mergers and acquisitions funds shed 2.3% last month (up 0.2% year-to-date). Long/short equity funds dropped 1.6% (up 6.1% YTD), while multi-strategy funds lost 1.5% (up 1.7% YTD). Macro funds lost an average of 1.1% (up 2.1% YTD).
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.