Sunday, 21 September 2014
Last updated 1 day ago
Apr 17 2012 | 1:50pm ET
Credit hedge fund LibreMax Partners rose more than 5% in the first quarter.
The New York-based firm, founded in 2010 by three former top Deutsche Bank traders, returned 1.41% in March and is up 5.05% on the year, Dow Jones reports. The firm also told investors that its assets stood at $1.3 billion at the beginning of April.
LibreMax wrote that it cut its investments in prime and "Alt-A" mortgages last month in favor of subprime securities.
"Within subprime, we saw the strongest performance from seasoned mezzanine securities," the firm wrote. "In our opinion, many of these bonds have significant upside to modestly improved housing and economic scenarios."
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.