Saturday, 20 September 2014
Last updated 16 hours ago
Aug 16 2011 | 2:55pm ET
Hedge funds inched up in July, successfully navigating market volatility to end a two-month losing streak, according to RBC Capital Markets.
The RBC Hedge 250 Index returned an estimated 0.29% last month, bringing the benchmark to 0.93% on the year. The return was buoyed by macro and managed futures funds, which rose 1.58% (down 0.66% year-to-date) and 1.13% (down 4.57% YTD), respectively.
Fixed-income arbitrage funds average an estimated 0.68% return (8.1% YTD), followed by equity market neutral at 0.62% (1.36% YTD) and event-driven credit funds at 0.2% (4.3% YTD).
Equity long/short funds were roughly flat, falling a microscopic 0.02% in July (up 0.94% YTD). Multi-strategy funds lost an average of 0.1% (up 1.05% YTD), which convertible arbitrage funds shed 0.52% (up 4.8% YTD) and mergers and special situations funds 0.84% (down 4.57% YTD).
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.