Friday, 26 December 2014
Last updated 2 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.