Hedge Funds Shy Away From Gold

Jun 18 2013 | 10:02am ET

After three weeks building positions in gold, hedge funds cut back last week.

Net-long positions in the precious metal fell by 4.1% in the week ended June 11, according to the Commodity Futures Trading Commission. It's the first such drop in net longs in three weeks.

Other commodities also saw a decline in confidence: Copper shorts more than doubled and cocoa bets, after hitting their highest level since 2008, suffered their biggest weekly drop since the beginning of the year. And short bets on silver set a record on the week.

Agricultural commodities saw increased interest, however, with net longs across 11 products rising 5.9%—despite a 9.3% drop in long positions in corn.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note