Tuesday, 23 September 2014
Last updated 13 hours ago
Jan 4 2013 | 1:23pm ET
For the second-straight year, Citadel Investment Group's flagship hedge funds have returned in excess of 20%.
The Kensington and Wellington funds, which managed a collective $7 billion, rose about 26% last year, Crain's Chicago Business reports. The funds returned 20.4% in 2011, allowing them to breach their high-water marks for the first time since they lost more than half their value in 2008.
The average hedge fund returned in the mid-single-digits last year.
Citadel's assets under management are up to $14 billion, from $11 billion at the beginning of 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.