Sunday, 21 September 2014
Last updated 1 day ago
Feb 11 2008 | 2:23pm ET
Hedge fund gave back a big chunk of their 2007 returns last month, one of their worst starts to a new year ever.
The average hedge fund fell 2.06% in January, according to Hedge Fund Research’s HFRX Global Hedge Fund Index. Last year, that index rose 4.23%.
Event-driven, equity hedge and relative value arbitrage fund were the biggest drags on the industry’s performance last month, falling 3.39%, 3.37% and 3.31%, respectively. But they had a lot of company, as the only strategy tracked by HFRX in the black in January was macro, which rose an impressive 3.82%—better than its full-year return of 3.19% last year.
Equity-market neutral funds declined by 2.75% last month. Distressed securities lost 1.4%, while merger and convertible arbitrage dropped 0.65% and 0.42%, respectively.
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.