Monday, 22 September 2014
Last updated 2 hours ago
Jan 8 2013 | 1:36pm ET
Last year was another bad one for Paulson & Co.—but it wasn't as bad as it could have been.
The embattled New York hedge fund saw its Advantage Plus Fund rally in December, with a 4.5% return. That cut its loss to 19% for the year, Bloomberg News reports.
Last month's gain for Advantage Plus also indicates that the firm's flagship Advantage Fund, a less-levered version of the same strategy, will have pared its loss in December, although likely by less than Advantage Plus. Advantage was down more than 17% through November.
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.