Tuesday, 16 September 2014
Last updated 56 min ago
Nov 27 2012 | 3:29pm ET
Fortress Investment Group is proving impervious to the malaise besieging its fellow hedge funds this year.
The firm's flagship Macro Fund added another 1.46% last month to bring it to 12.75% this year, ValueWalk reports. The fund profited from long bets on Brazilian and Spanish interest rates, while losing ground on the Mexican peso.
The $51 billion firm told investors that it sees guidance for the fourth quarter as too high, failing as it does to account for the full damage a plunge over the fiscal cliff will cause; Fortress doesn't expect it to be resolved until the middle of next year. It also expects more quantitative easing next month.
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 Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?