Tuesday, 23 September 2014
Last updated 6 hours 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.
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 McKitich, CIO of Petty 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…
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.