Sunday, 21 September 2014
Last updated 1 day ago
May 20 2011 | 1:12pm ET
Rangeley Capital had an impressive first quarter. But its April put even that in the shade.
The New Canaan, Conn.-based event-driven fund soared 11.9% last month, bringing its year-to-date total to 18.1%. That makes it one of just a few hedge funds beating the Standard & Poor's 500 Index on the year, in Rangeley's case handily: The broad market index is up 9%.
The average hedge fund, by contrast, has returned only about one-third of that.
Rangeley was founded four years ago by former Mangan & McColl Partners analyst Chris DeMuth and former satellite communications executive Richard Townsend.
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.