Tuesday, 23 September 2014
Last updated 2 hours ago
Jan 4 2013 | 1:21pm ET
Hedge funds ended last year strongly, but not nearly strongly enough to avoid a disappointing 2012.
The average hedge fund rose 1.13% last month, according to Credit Suisse's hedge fund replication index. The Credit Suisse Liquid Alternative Beta Index returned just 3.22% last year, with three of its five strategy benchmarks in the red for the year; by contrast, the Standard & Poor's 500 Index returned 16%.
The event-driven LAB index was by far the best performer in 2012, rising 11.22% (1.51% in December). The only other strategy in positive territory for the year was long/short, which ended the year up 4.06% after a 1.42% jump last month.
The losers were managed futures, down 7.95% in 2012 (up 1.64% in Dec.), merger arbitrage, down 2.36% (up 1.21% in Dec.), and global strategies, down 0.08% (up 0.91% in Dec.).
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.