Monday, 22 September 2014
Last updated 4 hours ago
Dec 7 2007 | 12:09pm ET
Amid this year’s market turmoil funds of hedge funds apparently seem a better bet to investors than single-manager offerings. Investors yanked $2.8 billion in direct hedge fund investments in October while pouring $18.8 billion into funds of hedge funds.
The flows, reported yesterday by TrimTabs Investment Research and BarclayHedge, came during the best month for hedge funds in years.
“The hedge fund industry’s 3.5% return in October was the highest in the past seven years,” BarclayHedge’s Sol Waksman said. “Nevertheless, recent market turmoil has made investors a bit more cautious about investing in hedge funds.” And, of course, the numbers don’t take into account the major dive suffered by most hedge funds last month.
Fixed-income hedge funds faced the biggest redemptions, as investors fled with about $2.2 billion. On the other hand, what new money that did enter single-manager funds went the right place: Equity-market neutral funds added $3.7 billion in October. The strategy was among the few—if not the only—to post a positive return last month.
Overall, hedge funds and funds of hedge funds have added $279 billion in assets this year, a record.
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.