Tuesday, 21 October 2014
Last updated 1 hour ago
Jan 21 2009 | 11:19am ET
European Union allowances (EAUs)—permits to emit carbon dioxide CFI2Z9 in the European Union—traded at EUR 11.78 a tonne on Monday, a record low for the second trading period of the bloc’s emissions trading scheme from 2008-2012.
The price of the benchmark 2009 contract hit an all-time low last week, beating the previous record of EUR 12.80. EUAs fell to near-zero in the first trading phase of the scheme from 2005-2007, now referred to as a “trial period.”
The EU program targets CO2 emissions from industrial concerns like steel and power plants.
Permit prices are feeling the effects of falling industrial carbon emissions, the result of recession and reduced output; falling energy demand; and lower oil and gas prices.
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 McKitish of Peddie School's 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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...