Thursday, 18 September 2014
Last updated 12 hours ago
Nov 28 2012 | 1:08am ET
Two prominent hedge funds saw their losses extended last month, with time short to make up the damage this year.
Tudor Investment Corp. and Saba Capital Management both suffered losses in October, Bloomberg News reports. The former's Momentum Fund plunged 5.5% to bring its year-to-date loss to 8.3%, while its Tensor Fund fell into the black on the year with a 4.2% October decline. Tensor is down 3.3% on the year.
Saba is not quite as covered in red ink, losing only 0.5% last month. But the $5.6 billion hedge fund helmed by former Deutsche Bank trader Boaz Weinstein is down 1.3% on the year.
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.