Sunday, 23 November 2014
Last updated 1 day 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.”
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...