Thursday, 18 September 2014
Last updated 51 min ago
May 5 2011 | 12:13pm ET
Citadel Investment Group is almost halfway to being able to reap performance fees on its flagship hedge funds.
The hedge fund giant's Kensington and Wellington funds rose 0.44% in April. The two funds are up 8.4% through the first four months of the year, MarketWatch reports.
Kensington and Wellington began the year needing to return about 20% to return to their high-water marks and recoup all of 2008's losses. The funds rose 11% last year and 62% in 2009.
Citadel's gains are well ahead of industry indices, which are up less than 3% on the year. But they trail slightly the broader markets, with the Standard & Poor's 500 Index rising 9.06% on the year.
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.