Thursday, 18 September 2014
Last updated 38 min ago
Jul 21 2014 | 10:53am ET
Hedge funds exited bullish bets on oil en masse earlier this month.
Hedge funds and other money managers cut their net-long positions in Brent crude by nearly 25% in the week ended July 15, the IntercontinentalExchange said. The move comes as oil prices hit a three-month low, and increase the reduction in bullish bets to nearly 40% since last June.
Speculators also exited nearly $6 billion in long oil bets on the New York Mercantile Exchange last week, capping the largest four-week reduction by hedge funds and others in the exchange’s history.
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.