Wednesday, 17 September 2014
Last updated 10 hours ago
Feb 7 2013 | 10:18am ET
Currency hedge funds had their best month since early 2011 in January—more a commentary on their middling performance recently than anything else.
The Parker Global Currency Managers Index rose 1.42% last month, in line with most broader hedge fund indices but a far cry from the Standard & Poor's 500 Index, which rose 5.1% in January. On the other hand, it's certainly a marked improvement: The benchmark rose just 0.77% last year, compared to an average high-single digit return for all hedge funds and a nearly 16% return for the S&P500.
Parker Global Strategies' Jon Stein said there were signs that the improvement could be a long-term one.
"It wasn't like the entire student body moving in the same direction," he told The Wall Street Journal. "You have currencies moving in a meaningful way," providing a much-needed turnaround for trend-following funds.
"These model-driven trend-followers needed this month," Stein said.
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.