Sunday, 21 September 2014
Last updated 2 days ago
May 3 2012 | 12:56am ET
Hedge funds suffered their second consecutive down month in April, with most strategies following the broader markets into the red.
The Credit Suisse Liquid Alternative Beta Index fell 0.27% last month, cutting its year-to-date gain to 1.94%. The benchmark fell 0.83% in March.
Just one of the six strategies tracked by the suite of indices ended April in positive territory: event-driven, which added 0.73% (3.86% year-to-date). For the rest, the LAB indices were grim reading, indeed.
Merger arbitrage funds fell an average of 0.27% (down 0.01% YTD), global strategies 0.43% (up 0.6% YTD), long/short funds 1.07% (up 3.63% YTD) and managed futures 1.21% (down 1.99% YTD).
By contrast, the Standard & Poor’s 500 Index fell about 0.5% in April.
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.