Sunday, 21 September 2014
Last updated 1 day ago
Jan 25 2008 | 11:44am ET
Word that a hedge fund may be in trouble turned the markets skittish this morning.
The Dow Jones Industrial Average had been up more than 100 points in early Friday trading. But rumors that a large hedge fund was liquidating positions unnerved the market, and the Dow gave back all of its early gains, and plummeted again after a mid-morning rally brought it back into the black. As of 11:40, the Dow was up about 7 points.
According to the Associated Press, a number of hedge funds have been mentioned as the possible source of the volatility. But the fear that one could be in trouble—and its possible effects on the market—may have renewed fears that the battered financial sector could again be derailed.
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.