Tuesday, 21 October 2014
Last updated 9 hours ago
Apr 24 2008 | 2:35pm ET
Missouri’s attorney general has asked the U.S. Commodity Futures Trading Commission to step in to protect farmers from hedge funds and other commodities speculators.
In a letter to the Commission, Jay Nixon, a Democrat, complains that, “Wall Street gambling on grain hasn’t had a positive impact on Main Street, Missouri.” The CFTC is holding a roundtable today on the influence of speculators in commodities markets.
Nixon wants the regulator to take measures to protect consumers and farmers from alleged price manipulation on the part of commodity investors.
“Farming already brings enough uncertainty without the introduction of outside players into the sensitive markets in which farmers sell their goods,” Nixon, who is running for governor this year, wrote. “I urge the CFTC to step in and reduce the influence of speculators and give farmers the benefit of the bargained-for price on these contracts.”
“Farmers are not getting the full benefit of their hard work, and consumers are experiencing sticker shock in the cereal aisle,” he added. “Much of this is because speculators, who are neither producers nor consumers, are manipulating prices, and they are the primary beneficiaries.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...