Thursday, 18 September 2014
Last updated 16 hours ago
Jun 5 2014 | 11:04am ET
While the stock market continues to set records, hedge funds continue to fall behind, according to a set of industry replication indices.
The average hedge fund rose 0.61% in May, the Credit Suisse Liquid Alternative Beta Index shows. The Standard & Poor’s 500 Index gained 2.1% on the month.
Year-to-date, the gap is just as striking, with the S&P up over 4% and the LAB index up just 1.6%.
Long/short was the best-performing strategy tracked by the LAB suite in May, rising 1.81% (2.82% YTD). Global strategies added 0.57% (0.88% YTD) and managed futures 0.47% (down 4.4% YTD).
Merger arbitrage took a big hit in May, falling 1.55% (down 2.48% YTD). Event-driven dipped 0.15% on the month (up 2.48% YTD).
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.