Thursday, 2 October 2014
Last updated 14 hours ago
Aug 23 2012 | 10:18am ET
T. Boone Pickens, who made his billions on oil, is adding to them on the back of the commodity this year.
Pickens' BP Capital is up double-digits this year, he told Reuters, thanks to its bets on black gold. "We've done well in the oil markets," Pickens said, and he plans to continue to do so.
"Right now, I would not short oil," he said, noting the hostile political rhetoric emanating from the Middle East. Pickens also said that he thought natural-gas prices should rise by almost half this year, despite his decision to dump BP's entire stake in Chesapeake Energy in the second quarter. The hedge fund retains a small gas position, Pickens said.
The 84-year-old told Reuters that he has no intention of retiring or returning outside capital. And he continued to push for a reduction in U.S. oil use, arguing that "properly-managed energy can bring back the economy."
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...