Thursday, 18 September 2014
Last updated 16 hours ago
Apr 8 2008 | 9:55am ET
Hedge funds, specifically short sellers, are facing a renewed wave of criticism from the media, according to one hedge fund group.
The London-based Alternative investment Management Association, which this week announced plans to work more closely with the U.S.’s largest hedge fund lobby, the Managed Funds Association, says that the hedge fund industry is being criticized for doing what it’s supposed to during extreme market volatility and falling asset prices: delivering absolute returns to their investors. Specifically, AIMA believes that funds employing short-selling strategies are being singled out for “unwarranted criticism” by the media
“Disappointingly, hedge funds are often made the focus of media attention when any suspicions of market irregularities arise,” Florence Lombard, chief executive of AIMA, said. “It is vital that the legitimate shorting of assets should not be confused with alleged market abuse by, as yet, unidentified players in the market…. However, around the world we are seeing hedge funds erroneously being represented in the media as being the focal point for any such investigation. We encourage more balanced reporting going forward.”
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.