Saturday, 30 August 2014
Last updated 17 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.
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 ...