Tuesday, 29 July 2014
Last updated 51 min 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.
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…