Tuesday, 23 September 2014
Last updated 8 hours ago
Jun 5 2012 | 2:28pm ET
Hedge funds reported a median loss of 0.26% in May 2012, a month that looked a lot like September 2011, according to data from eVestment|HFN.
Equity and commodity market felt the effects of Europe’s sovereign crisis as investors moved to “safer” assets, resulting in U.S. Treasury yields falling and the dollar rising against all major currencies.
In this environment, macro and managed futures strategies and funds focused on currency markets appear to have been the best performers, up 1.65%, 3.25% and 0.94%, respectively. Credit funds (down 1.55%) have again outperformed equity-focused strategies (down 2.95%) and emerging markets exposure (down 3.58%) experienced higher losses than developed markets (down 1.05%). eVestment|HFN says larger funds also performed “noticeably better” across the strategy spectrum.
Through April 2012, investors directed most of their money into credit, macro and commodity strategies as well as more diversified multi-strategy funds while pulling it from long/short equity, event driven and emerging market strategies.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.