Saturday, 30 August 2014
Last updated 16 hours ago
Sep 10 2008 | 3:51pm ET
With the doom and gloom surrounding Lehman Brothers, it might seem a strange time to say that financials have hit bottom. But that’s exactly what Jim Chanos has done.
The Kynikos Associates chief said on CNBC that Wall Street’s worst has past.
“We have probably seen the worst in financials,” Chanos said, adding that he has slashed his short positions in financials because most of the bad news about the sector is already out there. Instead, the $5 billion hedge fund shop is focusing on companies involved in commodities.
“We would short companies that might depend on cement prices or steel prices going up,” Chanos said. He would not say what names he is currently shorting.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...