Thursday, 18 September 2014
Last updated 2 hours ago
Jul 24 2012 | 1:13pm ET
Two of the top money managers at Duet Asset Management have resigned amidst a long losing streak.
Tony Hall and Arno Pilz have stepped down from the Duet Commodities Fund. The US$100 million fund has suffered losses in nine of the past 10 months, Bloomberg News reports, and is down 6.4% this year.
Still, Hall, who served as chief investment officer, and Pilz, its portfolio manager, have not lost nearly as much for as long as many prominent commodity hedge funds in recent years. Despite the losses in the last four months of last year, the fund finished 2011 up 26%.
Duet Commodities debuted just two years ago.
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.