Tuesday, 23 September 2014
Last updated 10 hours ago
Aug 11 2014 | 6:19am ET
A few prominent hedge funds bucked their money-losing peers last month, posting gains in a tough July for the industry.
Citadel Investment Group and Tudor Investment Corp. both made gains last month. The former’s flagship Kensington and Wellington funds added 2.7%, Bloomberg News reports, while the latter’s main fund added 1.6%. Kensington and Wellington are up nearly 10% on the year, while Tudor is down 2.6%.
New York-based Autonomy Capital Research also made money, returning 2.6% in July. The $3.3 billion macro firm is up 11% in 2014.
Renaissance Technologies was not so lucky: Its Institutional Diversified Alpha Fund fell another 2% last month, extending its year-to-date loss to 4.9%.
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.