Sunday, 21 September 2014
Last updated 1 day ago
Jul 17 2009 | 11:12am ET
John W. Henry & Co.’s portfolio of futures offerings wilted in the hot sun last month, dropping between 0.17% in its International Foreign Exchange program to 5.8% in its GlobalAnlaytics program.
A good portion of the firm’s losses came from the interest rate sector, where there was at least a temporary reversal in the trend toward higher global interest rates, according to Kenneth Webster, president.
“The majority of positions in this sector were unprofitable with the largest losses coming from positions in Eurodollars and Japanese Government Bond futures,” he wrote, in his monthly missive to investors.
The firm also took losses in the currencies, equity, precious metals, energy and agricultural markets. Its total assets under management stood at $184 million as of the end of June.
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.