Friday, 19 September 2014
Last updated 3 hours ago
Jan 10 2012 | 12:05pm ET
Citadel Investment Group continued to bounce back from its awful 2008 last year, posting double-digit returns in all of its major hedge funds.
The Chicago-based industry giant saw its flagships soar as the average hedge fund shed about 4% in 2011. The Kensington and Wellington funds rose 20.4%, Reuters reports. And that was the bad news for the firm.
Citadel's other funds did even better: It's $2 billion global equities fund rose 21.4% on the year, while its $1.5 billion tactical fund returned an impressive 37.7%.
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.