Monday, 22 September 2014
Last updated 2 days ago
Nov 18 2013 | 12:56pm ET
After more than halving its gold investments in the second quarter, Paulson & Co. stuck by the tarnished precious metal in the third—and was rewarded.
The New York-based hedge fund owned more than 10 million shares of the SPDR Gold Trust exchange-traded fund at the end of September, it said in a regulatory filing. Gold prices are up 9% since the end of the second quarter.
Still, the metal is on its way to its first annual loss in 13 years, and a big one, at that. Gold futures are down 23% this year. Paulson's own PFR Gold Fund is down 62% through September.
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.