Tuesday, 21 October 2014
Last updated 10 hours ago
Apr 13 2009 | 11:33am ET
Hedge funds sharply curtailed their foreign exchange trading last year, amidst big losses and widespread redemptions.
According to a report from Greenwich Associates, hedge fund forex trading volumes dropped 28% in 2008.
All told, forex trading volumes rose 15% last year. But that is just half as fast as they grew in 2006 and 2007. Hedge funds had been the biggest factor in the growth of forex trading over that period; they had increased 180% to make up fully one-third of all forex trading.
Increased trading by companies and large financial institutions more than covered the loss of hedge business, Greenwich reports.
Deutsche Bank and UBS captured the largest market share of forex trading last year, with 10.8% and 10%, respectively.
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 ...