Monday, 30 November 2015
Last updated 23 min ago
Mar 18 2011 | 12:32pm ET
Hedge fund speculation in the energy markets is at its highest level on record, the Commodity Futures Trading Commission said.
Speculators, including hedge funds, held more than 1 million energy futures equivalent contracts in January, even before the massive earthquake and nuclear crisis in Japan roiled markets. The figure is 64% higher than it was in June 2008.
Speculation in metals and agricultural markets has risen by a fifth, CFTC Commissioner Bart Chilton added.
The CFTC will begin collecting data about commodity speculation in the third quarter. The agency has been charged by new U.S. financial services regulations with crafting rules designed to curb speculation.
"We were given authority to place limits on speculation as part of the new financial reform law, but we haven't done that yet and we need to, pronto," Chilton said.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…