Saturday, 30 August 2014
Last updated 1 day ago
Apr 10 2009 | 11:04am ET
Citadel Investment Group’s two flagship hedge funds continued their slow climb back last month, recouping another 3% after last year’s disastrous losses.
Both the Kensington Global Strategies Fund and Wellington Fund, which manage a combined $7.7 billion, were up approximately 11% in the first quarter, Dow Jones Newswires reports. The funds returned 2.6% in February and 4.75% in January, the first time in seven months the funds had posted positive returns.
The funds lost some 55% last year, leading the Chicago-based firm to suspend redemptions. In February, Citadel chief Kenneth Griffin announced that the firm would create a “distribution program” that would allow investors to get some of their money back eventually. According to DJ, the firm has not announced any details of that program yet.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...