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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...