Sunday, 19 April 2015
Last updated 9 hours ago
Nov 17 2006 | 1:03pm ET
Is another hedge fund about to bite the bullet?
Word swirling on Wall Street that a large U.S. hedge fund is in trouble has prompted a sharp decline in the dollar and a jump in bond prices.
“There’s rumors of a hedge fund in trouble,” a London currency trader told Reuters. “Someone is selling dollar-yen. A few traders would not be enough to cause this move.”
The unknown hedge fund is apparently bailing out of its currency carry trades to cover losses in energy trades gone wrong.
Bond market analyst Beth Malloy told the news agency that word of the impending collapse is spreading, “but nobody can confirm anything.”
Not everyone is buying the news. “You have to take it with a grain of salt,” Forex.com’s Brian Dolan told MarketWatch. “It smells a bit fishy to me.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…