Saturday, 20 September 2014
Last updated 22 hours ago
Mar 12 2013 | 12:58pm ET
The Man Group's new fund of hedge funds chief is bullish on the beaten-down sector.
Keith Haydon, named chief investment officer of Man's Financial Risk Management unit when new Man CEO Emmanuel Roman elevated former FRM CIO Luke Ellis to Man's presidency, said the firm expects its multi-strategy funds of funds to enjoy their best year in four in 2013.
Haydon said that Man's internal analysis suggests an 8.5% return for the funds this year. The funds haven't done that well since 2009, when the largest jumped 13%. It rose just 1.8% last year.
"We've got reasons to think that central banks are beginning to back off quantitative easing," he explained to Bloomberg News. "And there's a slightly more positive growth picture, a more heterogeneous one."
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.