Monday, 22 September 2014
Last updated 2 hours ago
Feb 2 2011 | 11:18am ET
Hedge funds badly lagged the broader markets in the first month of 2011, according to early figures from one industry index.
The HFRX Global Hedge Fund Index was up just 0.56% last month, less than a quarter of the Standard & Poor's 500 Index's 2.26%. Distressed securities funds led the way at 1.87%, followed by convertible arbitrage funds at 1.64% and relative value arbitrage funds at 1.12%.
Multi-strategy relative value funds added 1.01% on the month, merger arbitrage funds 1%, special situations funds 0.98%, event-driven funds 0.86%, fundamental growth funds 0.25%, macro funds 0.15% and fundamental value funds 0.05%.
At least three strategies suffered a losing month. Systematic diversified funds plummeted 2.58% on the month. Equity hedge and equity market-neutral funds each took a more modest hit, losing 0.17% and 0.36%, respectively.
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.