Tuesday, 23 September 2014
Last updated 13 hours ago
Oct 10 2008 | 1:50am ET
Like most hedge funds, Asia Genesis Asset Management’s Japan Macro Fund lost ground in September. But with a loss of just 1.8%, the fund’s managers couldn’t be happier.
The average hedge fund fell by more than twice as much, with Asia-focused hedge funds taking a particularly big hit. With last month’s narrow loss, the US$745 million vehicle has returned 9.3% on the year.
The Singapore-based firm struck on a winner last month by selling U.S. Treasuries and buying Japanese government bonds, according to Bloomberg News.
“September actually was the worst month for the fund this year, though on a relative basis we did okay,” fund manager Chua Soon Hock told Bloomberg. “We realized our macro long Hang Seng and short JGB positions were wrong as the credit crisis worsened. As such, we reduced, mitigated and reversed some positions.
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.