Wednesday, 4 March 2015
Last updated 12 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%.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…