Wednesday, 24 September 2014
Last updated 14 hours ago
Apr 19 2011 | 11:53am ET
Just 3% of the world's hedge fund assets remain gated, a new study shows.
Tullett Prebon said the amount of money still under redemption restrictions stands at about US$60 billion. But the brokers said that will continue to decline as gated, illiquid hedge funds continue to wind down and others lift their gates as liquidity improves.
During the worst of the financial crisis, hedge funds had barred investors from removing some 35% of the industry's total assets.
The shrinking of the gated figure is "good for the industry and investors, and perhaps good for some managers who may be recipients of that money," Tullett Prebon's Neil Campbell offered.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.