Tuesday, 23 September 2014
Last updated 1 hour ago
Aug 8 2011 | 12:32pm ET
R-SQUARED Asset Management may focus on Japan, but the US$220 million hedge fund still girded itself for Standard & Poor's downgrade of U.S. sovereign debt.
Tokyo-based R-SQUARED sold cash bonds and bought up put options and credit default swap indices prior to the announcement of the downgrade on Friday night, Bloomberg News reports. The moves were designed to position the fund for volatility in the post-downgrade markets.
"We're expecting volatility to remain high going forward, so we will be looking for investment opportunities in market dislocation," fund manager Tan Maruyama said.
R-SQUARED has returned 11% this year.
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.