Sunday, 26 October 2014
Last updated 1 day ago
Jun 3 2013 | 11:00am ET
Hedge funds may be back on the gold bandwagon.
After a difficult two months for the precious metal, hedge funds raised the bullish bets on gold by the most in that period, the Commodity Futures Trading Commission said. Speculative net-long positions increased by 35%, the largest jump since the middle of March, about a month before a major swoon cost gold-bug hedge funds, notably Paulson & Co. and Greenlight Capital, dearly.
The resurgence is credited to the weaker-than-expected U.S. economy, leading to speculation that the Federal Reserve would maintain its stimulus programs. Most of the gain in net-long positions actually comes from a big drop in short positions, rather than a huge number of new long bets.
Shorts against gold hit a record two weeks ago.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.