Tuesday, 23 September 2014
Last updated 11 hours ago
Apr 3 2009 | 9:34am ET
BlackRock has launched its European Absolute Alpha Fund, a pan-European long/short Ucits III equities offering. Vincent Devlin serves as portfolio manager.
The fund will hold between 50 and 100 names and will employ four investment strategies: long investing, synthetic short investing, pair trades and cash, where the portfolio also has the flexibility to move entirely into cash if the market environment dictates.
“Investors should look on the fund as one that aims to give returns above cash using European equities to drive these returns—but without the downside risk normally associated with being in the market,” said Devlin. “It's a stepping stone for cautious investors who want more than cash can offer, but with contained risk.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.