Tuesday, 21 October 2014
Last updated 10 hours ago
Dec 18 2012 | 10:37am ET
Commodities hedge fund RK Capital Management has lost its bid to stop a copper exchange-traded fund that it warned could "wreak havoc on the U.S. and global economy."
The Securities and Exchange Commission last week approved a rule change at NYSE Arca that will allow the launch of a physical copper ETF. That fund will be launched by JPMorgan Chase, but is expected to be followed by two others, from BlackRock and ETF Securities.
RK, which runs the Red Kite hedge funds, has been fighting against the ETF for much of the year, joined in its opposition by several major copper users. They, and Sen. Carl Levin (D-Mich.), warned that the copper ETFs would inflate prices and harm supply.
The SEC rejected those arguments, finding in a review last month that the ETFs were not likely to have a major impact on copper prices.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...