Hedge Funds Back Off Commodities Bets

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note