Thursday, 18 September 2014
Last updated 9 hours ago
May 14 2012 | 12:56pm ET
Two top hedge funds suffered worse-than-average Aprils, according to industry trackers.
Henderson Global Investors and Odey Asset Management all dipped more than industry indices last month. As usual, Bridgewater Associates, the world's largest hedge fund, did not: It's flagship Pure Alpha fund rose 0.41% in April.
On the other hand, the other three hedge funds are in the black for the year after strong first quarters, while Bridgewater remains down 0.41% on the year, HFMWeek reports.
Henderson lost 4%—more than four times the average hedge fund's loss—but no one seems to be complaining, in part because its European Absolute Return Fund remains up 31% this year. Odey's European Fund lost 3.04% in the first half of April, but was still up 16.07%.
Another of the first quarter's best performers, Pershing Square Capital Management, managed a (relatively) small gain in April. The firm's International Fund added 0.9% on the month and is up more than 10% this year.
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.