Friday, 19 September 2014
Last updated 19 min ago
Jan 14 2013 | 2:03am ET
Late last year, Salida Capital was forced to deny that it was on the brink of collapse. After a second straight awful year, the Toronto-based firm may again hear those whispers.
The firm's Strategic Growth Fund lost more than half of its money for the second year in a row. Last year, the fund lost 53.02%, slightly better than the 53.39% loss suffered in 2011, the National Post reports.
By contrast, Salida's Wealth Preservation Fund's performance doesn't look at all bad, although it is hardly preserving clients' wealth. The fund lost 12.23% last year after dropping 14.41% in 2011, and now has the unenviable distinction of having lost money since its inception. Despite Strategic Growth's calamitous two years, it still boasts an annualized return of 2.74% since inception.
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.