Wednesday, 17 September 2014
Last updated 46 min ago
Jul 5 2012 | 10:51am ET
Hedge fund Credit Renaissance Partners has imposed a year-long redemption suspension in the face of sizeable losses.
The New York-based firm told clients that withdrawals from its eponymous flagship fund would be barred until June 30, 2013. Credit Renaissance said the move was made "in the best interest of all of the shareholders," but did not elaborate further in a note posted with the Irish Stock Exchange.
Credit Renaissance has lost 7.53% over the three months to the end of May and 15.03% in the 12 months to that point, Investment Europe reports. According to Eurekahedge, it is 35.19% below its high-water market.
Credit Renaissance invests in distressed debt, including mortgage- and asset-backed securities.
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…
There are two things currency analysts agree on: Currencies have never gone through such a period of low volatility and the dollar must lead the sector out of the current malaise.