Tuesday, 30 September 2014
Last updated 2 min ago
Jul 24 2007 | 12:56pm ET
Seeking to resolve confusion and conflicting reports in the media and the blogosphere, the Credit Suisse Index Co. said that the collapse of two Bear Stearns hedge funds would have a minimal impact on its main index, but that its fixed-income arbitrage subindex was not so lucky.
The Bear Stearns High Grade Structured Credit Fund—the one deemed not quite a total loss by the New York investment bank last week—is one of 437 funds making up the Credit Suisse/Tremont Index, with a weight of less than 0.2%, Credit Suisse said today. As its collapse will “have limited impact on the overall performance” of the index, the June performance numbers released on July 16 will not be revised.
The Credit Suisse/Tremont Fixed Income Arbitrage Sector Invest Index was not so lucky: the Bear fund was one of just 10 components, with a weight of 9.86%. But CS notes that “on Monday morning, July 16, a value of ‘NA’ was reported for SECT FIARB as the performance of the Bear Stearns HGSC Fund was deemed to be of material importance to the calculation of the overall index and reported to be announced later that day by Bear Stearns.” When Bear did report, on July 17, it sent the fixed-income arb subindex down 5.98% for June. It is down 7.47% year-to-date.
CS said the Bear funds would not affect any of its other strategy subindices, nor its investable indices.
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 McKitish of Peddie School's 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…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.