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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note