Friday, 19 September 2014
Last updated 2 hours ago
Jul 2 2013 | 11:13am ET
SAC Capital Advisors has a mountain of problems, but performance isn’t one.
In a June that saw a number of prominent hedge funds lose ground, SAC continued to post relatively strong returns. The firm’s flagship strategy gained 1.5% last month, Reuters reports. That bested most hedge funds, which were down 2.10% as of June 26, according to the Bank of America Merrill Lynch investable hedge fund composite index.
The S&P 500 was down 1.69% over the same period.
SAC is up 8.25% on the year.
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.