Monday, 22 September 2014
Last updated 1 hour ago
Jul 8 2014 | 12:14pm ET
Investors poured $16.9 billion into hedge funds in May, down slightly from $19.1 billion in April, according to the latest numbers from BarclayHedge and TrimTabs Investment Research.
“Hedge funds raked in $72.2 billion in the first five months of this year, the strongest January-May inflows since 2007,” said Sol Waksman, president and founder of BarclayHedge.
Industry assets climbed to a 5+ year high of $2.3 trillion in May, according to estimates based on data from 3,426 funds. Assets rose 18% in the past 12 months but were down 6% from the all-time high of $2.4 trillion in June 2008.
The hedge fund industry gained 1.2% in May, according to TrimTabs/Barclay Hedge, bouncing back from April’s 0.2% loss but underperforming the S&P 500, which gained 2.4%. In the past 12 months, the industry returned 7.6%, while the S&P 500 rose 18.0%.
A monthly survey of hedge fund managers found a plurality of respondents was neutral on the S&P 500 over the next 30 days, although bullish sentiment rose to a three-month high, and bearish sentiment dipped.
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.