Saturday, 20 September 2014
Last updated 1 day ago
Mar 27 2012 | 9:23am ET
The Hilltop Core Select Fund, a UK-based fund of hedge funds, was up an estimated 1.17% in February.
Hilltop’s portfolio manager, Rory Hills, added three new funds this month, all pure alpha, one with a minority macro element. Twelve of the funds in the portfolio were up in February, by an average of 17bps while six were down by an average of 9bps.
Hills says he intends to add another four pure alpha funds within the next two months as part of planned changes outlined in September and October 211.
The fund has also revised a small estimated net loss for January into a final flat net return. The fund ended 2011 up 1.3% and 2010 up 3.6%.
Although Hilltop occasionally invests in managers operating in “unconventional markets,” the Core Select Fund focuses chiefly on managers “operating mainstream markets but in unusual and/or distinctive ways.” Its current allocations include 27% equities, 19% volatility, 17% mortgages, 15% credit, 5% commodities, 5% fixed income, 2% multi-asset and 10% cash.
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.