Saturday, 20 September 2014
Last updated 1 day ago
Oct 22 2008 | 9:51am ET
The €59 million (US$78 million) Umicore Pension Fund has reportedly cut its allocations to hedge fund by two-thirds, from 6% to 2%, since last September following poor returns in the asset class.
Luc Crabbé, benefits manager for Belgium and Northern Europe, said the fund scaled back its investments in hedge funds up because of “incredibly bad returns”, MandateWire reports.
The fund started investing in hedge funds last September and has not as yet invested in any other alternative asset classes.
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.