Thursday, 18 September 2014
Last updated 1 hour ago
Dec 21 2007 | 11:07am ET
Market difficulties aside, hedge funds continue to attract big bucks. The industry enjoyed a $41.1 billion inflow in the third quarter, research firm Lipper said. The inflow is the third-largest quarterly take since at least 1994, when Lipper began tracking the data.
Event-driven hedge funds were the biggest beneficiaries of the cash infusion, taking in $15.5 billion. Long/short equity and multi-strategy funds also enjoyed inflows. Fixed-income arbitrage suffered the biggest outflow, at $5.1 billion.
“Growth came from ongoing institutional allocation in a period of heightened volatility across many asset class,” Lipper explained in its report.
Hedge funds have added $101.1 billion in assets in the first three quarters of 2007, a 9% year-on-year increase. In total, hedge funds manage an estimated $1.73 trillion.
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.