Monday, 30 March 2015
Last updated 2 days ago
Dec 17 2012 | 10:46am ET
Hedge funds and other investors cut their commodity bets last week amidst growing fears about the U.S.'s fiscal cliff.
While a potential breakthrough came this weekend, when U.S. House Speaker John Boehner tentatively agreed to some tax increases, last week was dominated by uncertainty and a warning from the Federal Reserve. That helped push money manager's bets on 18 futures and options down 11% in the week ended Dec. 11. The 802,817 contracts owned by hedge funds and others is the lowest number in a month, the U.S. Commodities Futures Trading Commission said.
Sugar took a particularly big hit, with a 68% drop in holdings. Wheat contracts dropped 67% to their lowest level since June, and oil holdings fell 21%. Contracts on 11 farm goods fell 9.6%.
Gold holdings, by contrast, rose 3%.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…