Friday, 19 September 2014
Last updated 2 hours ago
Sep 3 2009 | 12:47pm ET
Hedge funds continued their winning ways in August, according to a pair of hedge fund replication indices.
Long/short equity hedge funds rose 1.55%, according to the Credit Suisse Alternative Index Replication indices. The AIR Long/Short Equity index is up 7.73% through the first eight months of the year.
Global macro funds were also up, but, for the second straight month, only marginally. The strategy added 0.08% in August and is up 2.11% year-to-date.
“Following a strong rally in July, equity markets continued their upward trend in August, reaching highs not achieved since October 2008,” Jordan Drachman, head of research for alternative beta strategies at Credit Suisse. “Long/Short Equity hedge fund managers continued to increase their overall net exposures in order to benefit from market gains.”
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.