Saturday, 20 September 2014
Last updated 17 hours ago
Jan 16 2008 | 6:44am ET
Investable hedge funds enjoyed an average return of more than 8% last year, easily topping the broader markets, according to preliminary numbers from RBC Capital Markets.
The RBC Hedge 250 Index added 0.5% last month to reach 8.27% for the year. The Standard & Poor’s 500 returned just 5.49%.
The strongest-performing strategy tracked by RBC in 2007 was equity long/short, which returned 12.83% last year (1.09% in December). It was closely followed by managed futures, which added 11.65% (0.11% in December).
Convertible arbitrage was the only RBC strategy in the red last year, declining 0.09%, after a 1.21% drop in December wiped out its year-to-date gains.
Fixed-income arbitrage returned 8.22% in 2007 (1.21% in December), equity-market neutral 7.28% (down 0.65% in December) and macro 4.06% (1.88% in December).
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.