Tuesday, 23 September 2014
Last updated 28 min ago
Jul 30 2012 | 1:25pm ET
Sloane Robinson is in danger of extending its losing streak to three years.
The London-based hedge fund had a bad first half thanks to an even worse second quarter. Its Global Fund's portfolios dropped between 5.5% and 10.1% in the year's second three months, leaving all but one of the five—Japan, up 7.6%—in the red for the year.
Indeed, Japan is the only place in the world that Sloane Robinson has made money this year.
Sloane Robinson's assets under management have fallen by more than two-thirds over the last five years, down to $4.7 billion, and 41% over the past 18 months—the firm managed $8.1 billion at the beginning of last year.
Sloane Robinson has ditched its hedges on Europe in an effort to turn things around. "We don't doubt that the Federal Research and the Bank of England will undertake further" quantitative easing, it wrote. "More orthodox measures in China and Japan will, however, stand a greater chance of success in promoting demand because in both economies there is a strong and realistic prospect of a renewed credit cycle."
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.