Tuesday, 23 September 2014
Last updated 2 hours ago
Jul 6 2011 | 10:08am ET
Hedge funds lost 0.58% in June, according to the Credit Suisse LAB Liquid Indices.
The declines reflect continuing difficulty for global stock markets and “uncertainty regarding Greek debt,” Jordan Drachman, head of alternative beta strategies research at Credit Suisse. The flagship Liquid Alternative Beta Index remains up for the first half despite losing ground in May and June at 3.44%.
All four of the strategies tracked by the suite of indices were in the red, none more so than event-driven, which lost 1.43% (up 3.95% year-to-date). Merger arbitrage funds fell 0.73% on the month (up 4.48% YTD), long/short funds fell 0.36% (up 5.2% YTD) and global strategies funds lost 0.27% (up 2.72% YTD).
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.