Monday, 22 September 2014
Last updated 2 days ago
Jun 19 2013 | 10:51am ET
Hedge funds took a hit in the first half of June, according to figures from Hedge Fund Research.
The HFRX Global Hedge Fund Index fell 0.95% through mid-June, cutting the benchmark's year-to-date gains to 3.55%. The losses were broadly felt, with only five of the 18 HFRX strategy and sub-strategy indices posting gains on the month.
The losers were led by systematic diversified commodity trading advisors, which fell 1.22% (down 2.88% year-to-date). Multi-region funds dropped 0.85% (up 3.92% YTD), distressed restructuring funds 0.84% (up 3% YTD), macro funds and CTAs 0.78% (down 1.19% YTD) and equity-market neutral funds 0.74% (up 0.28% YTD).
Multi-strategy funds shed 0.69% on the month (up 1.4% YTD), event-driven 0.67% (up 7.88% YTD), relative-value arbitrage 0.65% (up 2.25% YTD), emerging markets 0.63% (up 2.58% YTD), credit 0.51% (up 4.81% YTD), convertible arbitrage 0.11% (up 8.8% YTD) and special situations 0.11% (up 10.45% YTD).
Fundamental value funds were the biggest winners through mid-June, adding 2.51% (9.74% YTD). Equity hedge funds rose 1.66% (7.49% YTD), master-limited partnerships 0.59% (16.59% YTD), fundamental growth funds 0.54% (4.84% YTD) and merger arbitrage funds 0.01% (2.02% YTD).
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.