Tuesday, 16 September 2014
Last updated 27 min ago
Sep 11 2007 | 3:54pm ET
The roiling credit markets have led yet another hedge fund to suspend redemptions. London-based Wharton Asset Management said today it would halt redemptions in its flagship Y2K Finance fund until at least December, “due to current market turbulence.”
The fund, which focuses on asset-backed securities investments, was down 30% in June and July. Another Wharton fund, Trio Finance—which specializes in real estate ABS—is down 46% this year, though the firm has not suspended redemptions from the Trio fund.
The precipitous fall is especially dramatic for Wharton, which had been the best-performing non-U.S. fixed-income hedge fund over the three years to September 2006.
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…
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