Friday, 19 September 2014
Last updated 7 hours ago
May 29 2008 | 2:00am ET
Avenue Capital, the $16.5 billion New York hedge fund best known as Chelsea Clinton’s very understanding employer, is taking a turn for the better in time for the former First Daughter to return to work.
The firm, headed by major Hillary Clinton supporter Marc Lasry, saw four of its hedge funds return to positive ground in April after a difficult first quarter. The funds rose between 1.3% and 1.6%, according to letters to investors obtained by Reuters, although all remain in the red year-to-date.
The $1.4 billion Avenue Internation fund rose 1.58% last month (down 2.06% year-to-date), the $960 million Avenue Europe International fund rose 1.28% (down 1.99% YTD), the $554 million Avenue Investments fund rose 1.29% (down 2.18% YTD) and the $455 million Avenue Europe Investments fund rose 1.32% (down 2.62% YTD).
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.