Tuesday, 23 September 2014
Last updated 12 hours ago
Sep 18 2012 | 9:25am ET
Hedge funds were up 0.61% in August for a year-to-date gain of 3.15%, according to the Eurekahedge Hedge Fund Index.
CTA strategies produced the only red ink for the month, losing 0.50% (up 1.46% YTD). All other strategies tracked by Eurekahedge ended August with gains, led by distressed debt funds, up 2.08% (5.82% YTD); event-driven funds, up 1.87% (4.55% YTD); and relative value funds, up 1.08% (7.33% YTD).
Abitrage funds were up 0.71% (4.62% YTD); fixed-income funds were up 0.93% (5.86% YTD); long/short equities strategies were up 0.87% (2.84% YTD); macro funds up 0.61% (1.80%) and multi-strategy funds up 0.64% (3.75% YTD).
Among the regional strategies, the only losers were Japan funds, down 0.74% in August (and down 0.64% YTD). North American funds were up 0.99% for the month (4.56% YTD); European funds were up 0.58% (3.12% YTD); Eastern European funds were up 0.59% (0.27% YTD); emerging markets funds were up 0.78% (3.55% YTD); Asia ex-Japan funds were up 0.69% (2.22% YTD); and Latin American funds were up 1.01% for August (6.99% YTD).
Funds of funds were down 0.54% in August, although they're up 2.19% YTD
Relative-value funds now account for assets under management worth US$60 billion while CTA/managed futures funds have now witnessed six months' of negative asset flows, losing US$16 billion between February and August 2012.
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…
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