Friday, 19 September 2014
Last updated 3 hours ago
Aug 1 2014 | 1:51pm ET
Hedge funds disappointed in the first half—and the people running them or investing in them expect it to continue to do so in the second.
Despite a stock-market rally, hedge funds posted uninspiring gains in 2014’s first six months, with returns in the low single digits, according to industry indices. With many predicting a major correction, fund managers and institutional investors expect no better in the second, according to a Preqin poll.
More than half of managers and investors expect full-year returns to be in the 4% to 6% range. Practically none believe hedge funds will do as well as they did last year, with only 1% of managers and 2% of investors expecting to match or exceed 2013’s double-digit returns.
“Hedge fund managers and investors alike entered 2014 in a buoyant mood following two years of double-digit returns and large inflows of fresh capital from investors,” Preqin’s Amy Bensted said. But the market has dampened that enthusiasm, she said.
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.