By Neena Mishra, Zacks Equity Research At the end of the second quarter this year, assets in global exchange traded products surpassed those of hedge funds. It was a major milestone for the ETF industry which is just about 25 years old while hedge funds have been around for more than 66 years. According to London based … Continue reading
Originally posted on Financial Post:
Global hedge funds reached the halfway mark in 2015 with some of their best returns in years, but performance cooled off in June from growing losses in Asia Pacific and Europe, according to the latest statistics from Preqin, a research firm focused on the alternative assets industry. “The industry has…
Weavering Capital (UK) Ltd founder Magnus Peterson has been sentenced to 13 years in prison after he was found guilty of fraud by a London court this week. This marks one of the longest sentences handed down for a high-profile fraud in the UK in recent times. Peterson perpetrated fraud Magnus Peterson is the founder of … Continue reading
By Michael Snyder The absolutely stunning decision by the Swiss National Bank to decouple from the euro has triggered billions of dollars worth of losses all over the globe. Citigroup and Deutsche Bank both say that their losses were somewhere in the neighborhood of 150 million dollars, a major hedge fund that had 830 million … Continue reading