Friday, 26 December 2014
Last updated 2 days ago
Jan 25 2008 | 11:44am ET
Word that a hedge fund may be in trouble turned the markets skittish this morning.
The Dow Jones Industrial Average had been up more than 100 points in early Friday trading. But rumors that a large hedge fund was liquidating positions unnerved the market, and the Dow gave back all of its early gains, and plummeted again after a mid-morning rally brought it back into the black. As of 11:40, the Dow was up about 7 points.
According to the Associated Press, a number of hedge funds have been mentioned as the possible source of the volatility. But the fear that one could be in trouble—and its possible effects on the market—may have renewed fears that the battered financial sector could again be derailed.
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.