Thursday, 27 November 2014
Last updated 1 day ago
Aug 19 2014 | 7:34am ET
Brevan Howard Asset Management isn’t the only global macro hedge fund shying away from currency trading in the face of poor performance.
Caxton Associates has also cut its exposure to foreign exchange after posting losses in each of 2014’s first six months—just like Brevan Howard. And like Brevan Howard, the changes appear to be working, as Caxton posted its first gain of the year in July.
The US$8 billion firm is now down about 5% on the year.
According to The Wall Street Journal, Caxton cut its developed-market currencies bet by more than half. The New York-based firm has increased its exposure to commodities.
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…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...