Sunday, 21 September 2014
Last updated 2 days ago
Apr 8 2011 | 11:54am ET
Unrest in the Middle East and Japan’s nuclear crisis affected all financial markets in March and hedge funds were no exception as Hedge Fund Research’s HFRI Weighted Composite Index slipped 0.17% for the month.
Gains by event-driven, relative value arbitrage and equity strategies were offset by macro losses, says HFR.
The Nikkei 225 declined over 8% in March and Japan-focused hedge funds took a hit, reporting an average decline of 0.72% for the month.
Emerging markets gained 1.15% for the month, thanks to positive results from Asia ex-Japan, Latin America, and multiple emerging markets which were only partially offset by losses in Russia/Eastern Europe. Macro strategies were the big losers in March, shedding 1.31%.
Event-driven strategies recorded a seventh straight month of gains, adding 0.61% in March, as did equity hedge, up 0.31%. Relative value strategies also recorded a positive month, adding 0.49%.
The HFRI fund of funds index shed 0.13%, echoing the performance of the HFRI Weighted Composite Index.
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.