Friday, 19 September 2014
Last updated 22 min ago
Apr 5 2012 | 1:04pm ET
Following their second-worst year in history, hedge funds posted a positive first quarter.
While the Dow Jones Credit Suisse Core Hedge Fund Index lost ground last month, falling 0.82%, it ended the first quarter up 2.75%. But that badly trails the broader markets: The Standard & Poor's 500 Index rose about 12% in the year's first three months.
Just two of the seven strategies tracked by the Dow Jones Credit Suisse indices were in positive territory for March. Convertible arbitrage funds rose an average of 0.18% (6.09% year-to-date) and fixed-income arbitrage funds 0.05% (1.42% YTD).
On the other side of the ledger, event-driven funds lost 0.02% on the month (up 4.39% YTD), global macro 0.06% (up 2.84% YTD), emerging markets 0.98% (up 2.64% YTD), managed futures 2.11% (down 0.5% YTD, the only strategy in negative territory in the first quarter) and long/short equity 2.54% (up 2.65% 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.