Friday, 19 September 2014
Last updated 11 hours ago
Jul 29 2013 | 9:42am ET
Hedge funds are getting bullish on gold, again.
Long bets by money managers increased by 26% as of July 23, the Commodity Futures Trading Commission said, the fourth straight week that futures and options holdings on the metal have rose. Hedge fund, which had been cutting gold after taking a beating on long bets, appear convinced that the Federal Reserve will begin to taper its stimulus programs later rather than sooner.
Hedge funds poured money into other commodities, as well. Long bets across 18 U.S.-traded commodities rose 7.4%. Crude oil longs rose 9.8% to their highest level in seven years.
Not all commodities were beneficiaries: Short bets on corn more than doubled, setting a new record, as net-long positions on a basket of 11 agricultural products fell 34%. Copper longs also fell sharply, by 17.2%.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.