Sunday, 21 September 2014
Last updated 1 day ago
Oct 5 2006 | 2:53pm ET
The MSCI Hedge Invest Index posted its third-straight positive month in September, though returns for the month were less than half that of August. After an ugly May and June, when the index dropped 1.08% and 1.27%, respectively, the fund posted positive returns of 0.22% in July, 0.43% in August and 0.18% last month, pushing the year-to-date return to 3.29%. Still, on the year it badly lags the Standard & Poor’s 500, which has returned better than 7%.
In spite of the overall positive return, only three of MSCI’s eight strategy indices were in the black in September, led by long-bias, which was up 1.06%. Event-driven (0.68%) and convertible arbitrage (0.6%) also finished in the black. Equity non-directional and discretionary trading led the losers, with those strategies down 0.8% and 0.78%, 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.