Monday, 22 September 2014
Last updated 2 days ago
Jul 1 2013 | 1:24am ET
Add Tudor Investment Corp. to the roster of last month’s hedge fund victims.
The firm’s Tensor Fund was down 4.35% through June 21, leaving it down 2% on the year, DealBreaker reports. The loss leaves the fund 15% below its high-water mark, according to a source, and down for the third year in a row—albeit with plenty of time to make up the losses.
According to DealBreaker’s source, there may be deeper issues at Tensor, however.
There was an exodus of people in January, just after bonuses (or the lack of them) were paid,” the source 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.