Sunday, 24 May 2015
Last updated 1 day ago
Jun 10 2013 | 11:42am ET
Hedge funds are shying away from commodities en masse.
Net-long bets on 24 commodity markets fell the most in two months in the week ended June 4, the Commodity Futures Trading Commission said. Speculators cut their bullish bets by a net $680 million, leaving their net-long position at about $67 billion.
Crude oil futures were hardest hit, with $504 million leaving the trade during the week.
Gold was immune to that downturn during the week, with net-long positions rising 19% through June 4, a 60% jump over the previous two weeks. But investors fled the precious metal later in the week, after a stronger-than-expected U.S. jobs report.
The number of hedge funds invested in gold bullion dropped by 31% to their lowest level since 2010, Eurekahedge said.
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…