Tuesday, 23 September 2014
Last updated 10 hours ago
Jul 20 2011 | 11:23am ET
Soros Fund Management's flagship hedge fund has about three-quarters of its assets in cash as the New York-based firm waits out the economic uncertainly in hopes of finding better opportunities.
A 6% loss through mid-June pushed Keith Anderson, the manager of the $25.5 billion Quantum Endowment Fund, to pull back. He ordered his portfolio managers to cut back on their trades, Bloomberg News reports, leaving the fund about 75% cash, one of many hedge funds overweight cash amidst perplexing economic times.
Moore Capital Management is another; the firm cut risk after it lost about 6% in the first half.
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.