Friday, 19 September 2014
Last updated 19 min ago
Dec 10 2010 | 12:22am ET
Funds of hedge funds grew over the past six months—but it’s not exactly cause for celebration.
Multi-manager funds recouped the assets they lost in the in the prior six months, according to HFMWeek’s assets under administration survey. The last six months have seen a 2% increase in fund of funds assets to $1.065 trillion, matching the 2% decline in the previous iteration of the biannual survey.
Unfortunately for the industry, the numbers are not a sign that investors are returning to funds of funds, but merely that the underlying funds are doing well, creating performance-based gains.
“We think the FoHF will continue to grow at 2% to 5% per annum, driven from Europe and the U.S.,” BNP Paribas head of alternative funds product management Chris Adams told HFMWeek. “Against this growth rate we expect continued consolidation to take place across managers, with the largest groups attracting an ever greater proportion of inflows.”
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.