Tuesday, 23 September 2014
Last updated 10 hours ago
Aug 17 2007 | 1:37pm ET
Barclays Global Investors told investors in one of its quantitative hedge funds that August has been ugly—unless you look at its peers.
Compared to many of its fellow quant funds, the 32 Capital Fund is only slightly in the red: As of Monday, the fund was down approximately 7%, according to a letter to investors. The fund is now flat year-to-date, which also compares favorably to funds run by AQR Capital Management, Goldman Sachs, Man Group and Tykhe Capital.
Managing director Minder Cheng told clients that the fund’s “returns have turned positive since Friday.” He blamed “non-BGI quantitatively managed hedge funds de-leveing their portfolios” for the market turmoil, but echoed other quant managers burned in recent weeks, calling the volatility “technical rather than fundamental in nature.”
The Wall Street Journal reports that, unlike other hard-hit quant funds, it hasn’t faced an avalanche of redemption requests.
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.