Thursday, 25 December 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.”
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.