Sunday, 21 September 2014
Last updated 1 day ago
Nov 25 2013 | 12:00pm ET
A hedge fund that invests exclusively in controversial crypto-currency bitcoin is not only this year's best-performing hedge fund—it may be the best-performing hedge fund ever.
The US$35 million fun, launched last year, is up an astonishing 4,847%, according to HedgeWeek. Bitcoins themselves have surged some 6,000% in value against the dollar this year.
Each share of Exante's Bitcoin Fund is equivalent to a single bitcoin.
The fund is designed to give institutional investors access to bitcoin without directly investing in the virtual currency.
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.