Saturday, 30 August 2014
Last updated 21 hours ago
Sep 18 2012 | 1:00pm ET
Could a stricken hedge fund be behind yesterday's precipitous drop in oil prices?
Crude oil prices dropped by $4 dollars a barrel late yesterday in the U.S. and more than US$5 dollars in London. The declines came in just a few minutes of frenzied trading—four on the CME Group and IntercontinentalExchange and three on London's Brent market.
Rumors abounded as traders sought to discern what was behind the swoon. Some speculated that a hedge fund may have been liquidating its black gold holdings.
"There is some talk about a hedge fund liquidating positions," a Singapore investment banker told Reuters.
Even if the drop wasn't due to the thrashings of a dying hedge fund, the asset class may not be off the hook. Others speculated that a "fat finger" trading error or misfiring high-frequency trading program could be to blame.
The Commodity Futures Trading Commission is looking into the swings.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...