Saturday, 25 October 2014
Last updated 19 hours ago
Mar 29 2010 | 12:55pm ET
Three of the U.K.’s biggest hedge funds have posted huge profits on the British currency’s pain.
BlueCrest Capital Management, the Man Group and Winton Capital have earned “hundreds of millions of pounds” on the downturn of said pound Sterling, the Daily Mail reports. The pound is down to less than US$1.50, US$0.20 lower than it was over the summer.
According to Harry Adams of foreign exchange broker Schneider, currency investors are betting on further falls for the pound. He said that were Britain to lose its triple-A credit rating, the currency could fall to just US$1.20 in a “disaster for sterling,” Adams told the Mail.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.