Proliferation of new products also drives U.S. stock market complexity: SEC
04/16/2014 12:01:42 PM ET
NEW YORK (Reuters)—A desire by investors for more investment products contributes to excessive complexity in the U.S. stock market, the U.S. securities regulator in charge of analyzing the stock market's structure said on Tuesday [April 15].
Elliott Management reaffirms $3.36 billion bid for Riverbed
04/15/2014 2:26:52 PM ET
NEW YORK (Reuters)—Hedge fund Elliott Management reaffirmed its $3.36 billion offer for network gear maker Riverbed Technology Inc. after being rebuffed twice, saying it remained "extremely interested" in acquiring the company.
Amber Capital to force shareholder vote on Nexans CEO
04/15/2014 12:33:07 PM ET
PARIS (Reuters)—Nexans shareholder Amber Capital said it plans to force a vote on a resolution to push Chairman and Chief Executive Frederic Vincent off the board at the cable maker's annual shareholder meeting on May 15.
Nexans made a loss in 2013 and skipped its dividend for the year after being forced to raise new share capital in October, blaming a lack of growth in Europe and industry overcapacity.
Ex-CFTC regulator Chilton joins DLA Piper law firm
04/15/2014 10:33:29 AM ET
WASHINGTON (Reuters)—Bart Chilton, an outspoken former regulator who spent more than six years as a member of the U.S. Commodity Futures Trading Commission, will join the law firm DLA Piper, the company said on Monday [April 14].
JPMorgan global commodities unit head Masters to leave: memo
04/02/2014 4:39:58 PM ET
NEW YORK (Reuters)—Blythe Masters, one of Wall Street's most powerful women, is leaving JPMorgan Chase & Co. after a 27-year career that began as an intern in London and concludes with the sale of the multibillion-dollar commodities business she built.
Nasdaq, Tradeworx to launch test facility for algorithms
10/09/2013 2:02:53 PM ET
NEW YORK (Reuters) Exchange operator Nasdaq OMX Group Inc. said on Wednesday [Oct. 9] it is partnering with a unit of high-frequency trading firm Tradeworx on an algorithm testing site for firms to examine automated trading strategies and reduce operational risk.
Buy Side Steps Up, and Streamlines: TABB Group Study
By Rich Blake, HedgeWorld
05/04/2010 10:02:17 AM ET
NEW YORK (HedgeWorld.com)—As money managers engage in increasingly sophisticated trading methods while encountering more compliance pressures, the push to invest in technologically advanced Order Management Systems (OMS), and separate Execution Management Systems (EMS), has never been greater, according to a soon to be released TABB Group study which surveyed 118 buy-side trading desks.
Influence of banks, hedge funds on commodities lowest since 2008
04/16/2014 2:43:09 PM ET
LONDON (Reuters)—United Nations economists who previously called for government intervention to tame volatile swings in commodity prices say banks and hedge funds have since reduced their influence to the lowest level since 2008.
In a 2012 report for the UN Conference on Trade and Development (UNCTAD), David Bicchetti and Nicolas Maystre said the rise of financial players in commodities markets over the previous decade had moved prices of oil and grains away from the fundamentals of supply and demand.
CME trading outage showed that man can still match the machine
04/16/2014 2:32:11 PM ET
NEW YORK/CHICAGO (Reuters)—Just over a week ago, CME Group Inc. suffered the worst-ever trading outage on the world's most important agricultural markets, plunging electronic screens into darkness and sending dozens of traders scrambling for Chicago's famous but now often deserted trading "pits".
SEC eyes test that may lead to shift away from 'dark pools'
04/11/2014 1:05:56 PM ET
WASHINGTON/NEW YORK (Reuters)—U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as "dark pools" that critics say may be hurting investors by reducing the quality of pricing.
FINRA probes banks' bond transactions: report
04/11/2014 12:05:15 PM ET
WASHINGTON (Reuters)—Wall Street watchdog FINRA is taking a broad look at the trading profits of banks and other middlemen in some bond transactions to examine whether some money managers are favored at the expense of other investors, The Wall Street Journal reported.
FINRA is crunching through reams of trading data, looking for instances in which the middlemen have earned unusually large profits on bond deals, the Journal said, citing officials.
Lipper hedge fund performance - February 2014 - Multi-Strategy (U.S. funds)
04/04/2014 5:20:45 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all U.S. funds open to investment.
Lipper hedge fund performance - February 2014 - Multi-Strategy (all funds)
04/04/2014 5:19:32 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all funds open to investment. Performance listed is absolute performance.
Opinion: Past, Present and Future of Alternative Funds Market
By Brian Macallister, Ledgex Systems
02/28/2014 6:04:50 PM ET
It's been less than 50 years since the fund of funds model came on the investment scene, and that short history has been anything but dull. Born in the 1970s, American fund of funds took off in the '80s and '90s, and then hit a major stumbling block in 2008, when the widespread financial crisis unearthed deep challenges around liquidity.
Opinion: Managers improve, but scale kills
By James Saft, Reuters
02/26/2014 5:39:21 PM ET
Fund managers are getting better, but active fund management is getting worse.
Yes, I realize that is a bit like saying improved medical care is causing us to lose more patients, but this is indeed the upshot of new research and it should put investors in a quandary.