Tuesday, 31 March 2015
Last updated 13 hours ago
Jan 2 2014 | 11:45am ET
Hedge funds closed gold's worst year in decades by slashing their long positions in the precious metal and increasing their shorts to near-record levels.
Net-long bets on gold dropped 2.8% in the week ended Dec. 17, the Commodity Futures Trading Commission said. Short interest increased 1.2%, bringing it near July's record.
Gold has dropped to its lowest price in three years following its worst year in 32. The metal fell about 30% last year.
Gold wasn't the only commodity to have a tough 2013, but investors are at least bullish on the others, with net-long positions across 18 commodities rising 8.5% in the week to Dec. 17, to a nearly two-month high.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…