Sunday, 21 September 2014
Last updated 1 day ago
Feb 22 2008 | 11:03am ET
Quantitative hedge fund shop AQR Capital Management is taking it on the chin in the early going of 2008.
The Greenwich, Conn.-based firm’s flagship Absolute Return Fund is down almost 15% through Feb. 15, Bloomberg News reports. A riskier version of the $2.9 billion fund has dropped even more, by 25%, while its Asset Allocation Fund lost 16%.
AQR has been battered by the volatile markets since the subprime crisis struck last summer. Absolute Return suffered big losses in July and October, and was reportedly down by double-digits last year.
Poor performance and investor redemptions have taken their toll on the firm’s assets under management, which now stand at $8.6 billion after falling by 20% over the past six months.
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.