Tuesday, 23 September 2014
Last updated 2 hours ago
Apr 4 2013 | 12:41am ET
Hedge funds managed to crawl back from their early year losses last month to finish the first quarter in the black, according to an industry replication index.
IndexIQ's IQ Hedge Composite Beta Index rose 0.54% in March and is up 0.32% on the year. By contrast, the Standard & Poor's 500 Index is up more than 10% through 2013's first three months.
Five of IndexIQ's six strategy beta indices were up last month, led by long/short, which rose 1.38% (3.11% year-to-date). Fixed-income arbitrage added 1.04% (2.51% YTD) and global macro 0.91% (down 0.63% YTD).
Event-driven and market-neutral were up slightly on the month, 0.18% (down 0.73% YTD) and 0.16% (0.15% YTD), respectively.
Emerging markets was the only loser, falling 0.51%. The strategy is down 2.51% on the year.
Sep 22 2014 | 4:15pm ET
I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.