Thursday, 2 October 2014
Last updated 19 min ago
Jun 28 2011 | 12:05pm ET
Armajaro Asset Management co-founder Anthony Ward isn't interested in being blamed for increasing food prices, despite his highly-publicized purchase of nearly all the available stock of cocoa beans last summer.
Armajaro's chocolate binge—which amounted to more than 240,000 metric tons of cocoa worth as much as US$1 billion—briefly drove up cocoa prices. But the London-based hedge fund eventually sold its horde late last year at a loss.
"The view it is our fault that the price of food has gone up is confusing and wrong," Ward offered at the GAIM International conference last week. "A new rule is likely to come out of the G20 but hopefully it will be a rule that doesn't mean anything."
Ward explained that French President Nicolas Sarkozy, who holds the rotating presidency of the group this year, would want to be seen taking a stand on commodity trading.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...