Thursday, 18 September 2014
Last updated 7 hours ago
Sep 12 2008 | 9:56am ET
Hedge funds’ continuing struggle this year is reflected in yet another index released this week.
Just two of the six Dow Jones Hedge Fund Strategy Benchmarks were in the black in August, and one of those just barely. Merger arbitrage funds returned 1.1% last month, leaving it the only strategy in positive territory year-to-date. Event-driven funds were effectively flat, rising 0.05% to bring its year-to-date loss to 2.06%.
Equity-market neutral funds dropped 3.22% (down 2.39% year-to-date). Convertible arbitrage and distressed securities funds are down 8.44% and 7.56%, respectively, on the year, and 0.77% and 0.94%, respectively, in August.
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.