Sunday, 21 September 2014
Last updated 1 day ago
Mar 7 2014 | 3:17am ET
It is only two months old, but 2014 is already looking better for Bridgewater Associates than 2013.
Bridgewater, the world’s largest hedge fund, saw its flagship Pure Alpha fund rise 3.04% last month, Reuters reports. The gain, Pure Alpha’s biggest in seven months, leaves the $80 billion fund up 2.89% on the year.
Bridgewater reportedly profited from gold’s 7% spike last month.
Still, the fund continues to lag the broader markets, which jumped more than 4% last month. Pure Alpha returned only 5.25% last year, while the Standard & Poor’s 500 Index soared more than 30%.
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.