Saturday, 29 November 2014
Last updated 21 hours ago
Aug 13 2013 | 9:49am ET
Hedge funds cut their commodity investments, turning particularly bearish on gold, according to a report from the Commodity Futures Trading Commission.
Hedge funds and other money managers slashed their net-long positions in gold by 27% in the week ended Aug. 6, the largest drop since June. Simultaneously, they boosted short bets against the precious metal by 26%.
But it wasn't only gold: A basket of 18 raw materials saw net-bullish bets drop 19% to their lowest level since March. Long bets on crude oil fell 2.5%, and holdings on 11 agricultural contracts swung from 57,552 net long to 9,713 net short on the week, with bullish soybean bets at their lowest level in more than a year, and hedge funds betting against coffee, soybean oil, sugar and wheat.
Investors gave a vote of confidence of a sort to copper, however, cutting their short bets by more than half.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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