Friday, 19 September 2014
Last updated 12 hours ago
Jul 12 2007 | 11:55am ET
The Man Group’s assets under management rose by 8.6% in the second quarter to $67 billion by the end of June, in spite of rocky first-quarter performance in several of its funds.
The London-based firm, the world’s largest publicly-listed hedge fund manager, said most of the increase was due to the performance of its funds: Following a tough first quarter, its flagship AHL strategy returned 15% in the second, while Man Global Strategies added 8%. The firm took in $3.8 billion in new sales against $2.3 billion in redemptions.
“The board remains very confident of the group’s prospects for the year,” Man Chairman Harvey McGrath said in a statement.
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.