Friday, 19 September 2014
Last updated 1 hour ago
Dec 3 2013 | 1:34pm ET
Hedge funds are lurching to the 2013 finish line, putting up another month of sub-Standard & Poor's 500 Index returns, according to an industry replication benchmark.
IndexIQ's IQ Hedge Composite Beta Index rose just 0.58% last month, while the S&P 500 added a further 2.8%. For the year, the hedge fund replication vehicle is up 3.22%—against the S&P 500's 26.6%.
None of the IQ Hedge indices bested the broader markets last month. The strongest performer was long/short, which rose 1.82% (9.18% year-to-date). Event-driven added 1.23% (6.31% YTD). Global macro rose 0.47% (down 0.66% YTD), market neutral 0.21% (3.21% YTD) and fixed-income arbitrage 0.07% (5.26% YTD). Emerging markets lost further ground in November, falling 0.31%. That strategy is now down 3.69% 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.