Monday, 22 December 2014
Last updated 9 hours ago
Nov 5 2012 | 1:18pm ET
Hedge funds ended October with their lowest exposure to commodities since the summer.
Futures and options on 18 commodities dropped by 11% in the week ended Oct. 30, the day after Hurricane Sandy made landfall in southern New Jersey, the Commodities Futures Trading Commission reports. Bullish oil bets hit a four-month low, as oil refineries on the U.S. East Coast closed in advance of the storm's arrival.
Bets on copper and gasoline also dropped, the former to an eight-week low and the latter for the fourth week in a row.
Other uncertainty seems to have hurt hedge funds' and other investors' taste for commodities, including renewed uncertainty in Europe and tomorrow's U.S. presidential election, which forecasts indicate will be a close contest.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.