Monday, 22 September 2014
Last updated 1 hour ago
Dec 21 2011 | 2:12am ET
By almost all measures, 2011 has been a pretty miserable year for hedge funds. But while clients have, in recent months, shown decreasing patience with the asset class, they aren't storming for the doors as the year draws to a close.
December redemption requests are actually a tick lower than last year, despite the fact that the average hedge fund rose more than 10% in 2010 and is down about 4% this year. According to the GlobeOp Forward Redemption Indicator, hedge fund investors sought to pull 4.58% of industry assets this month, compared to 4.59% a year ago.
December's total was up from 3.44% in November and is the highest of the year, but that is nothing new for the industry, which generally sees its highest number of redemptions at the end of the year.
"The month-on-month increase is within the normal range of a seasonal pattern, as investors prepare to rebalance their portfolios at year end," GlobeOp CEO Hans Hufschmid said.
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.