Hedge funds raise Brent oil bets to highest since October
03/10/2014 6:58:47 PM ET
LONDON (Reuters)—Hedge funds and other large speculators last week raised their bets on a rise in Brent crude oil prices to the highest level since October, exchange data showed, highlighting the effect of Ukraine tensions on sentiment.
Money managers increased their crude net long positions by 6,864 contracts to 146,785 in the week to March 4, the IntercontinentalExchange (ICE) said.
Sweden investigates trading in truckmaker Scania's shares
03/07/2014 1:30:29 PM ET
STOCKHOLM (Reuters)—Sweden's Economic Crime Authority is investigating eight suspected cases of insider trading in Scania shares in connection with majority owner Volkswagen's offer to buy out other shareholders in the Swedish truck maker.
Volkswagen, Europe's biggest carmaker, last month offered to buy out minority shareholders for €6.
Monte Paschi's biggest investor denies stake sale
03/06/2014 10:54:39 AM ET
MILAN (Reuters)—The biggest shareholder in Monte dei Paschi di Siena on Thursday [March 6] denied press reports that it had sold a stake of at least 8 percent in Italy's third-largest bank.
Three Italian newspapers reported that the Monte dei Paschi foundation, which owns 31.
Newedge's commodities, currencies chief leaves
12/12/2013 4:09:23 PM ET
NEW YORK (Reuters)—Newedge Group's global commodities and currencies chief, John Fay, has left the U.S.-based futures brokerage ahead of a major ownership change.
Citigroup adds director with hedge fund, banking experience
12/11/2013 11:34:48 AM ET
NEW YORK (Reuters)—Citigroup Inc. named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday [Dec.
New Computer Programs Help Hedge Fund AHL's Revival
11/11/2010 11:08:42 AM ET
LONDON (Reuters)—New computer programs designed to cope with choppy markets have helped Man Group's flagship hedge fund AHL produce stronger returns after last year's damaging losses, its manager told Reuters.
Tim Wong, chief executive of AHL, a $22.
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.
Emerging markets face painful carry trade pay-back
03/10/2014 6:19:51 PM ET
LONDON (Reuters)—Emerging economies may be on the cusp of a great unwinding of borrow-low invest-high carry trades, through which an estimated $2 trillion has flooded mainly into their debt markets in the past five years.
The latest cycle of carry trades is the third in little over two decades and its estimated size is roughly double that of its predecessor.
Hedge funds look to put strategies into ETFs to lure more investors
03/10/2014 5:47:22 PM ET
NEW YORK (Reuters)—More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.
That is a tradeoff many managers of smaller hedge funds are willing to make, hoping Mom and Pop investors can fuel their growth.
EU lawmakers and member states agree bonus curbs for fund managers
02/25/2014 2:12:42 PM ET
BRUSSELS (Reuters)—EU lawmakers and member states agreed on Tuesday [Feb. 25] to curbs for fund managers' pay similar to new rules for bankers, including a three-year deferral of 40 percent of bonuses.
UK could see criminal probe in FX row
02/07/2014 10:59:50 AM ET
LONDON (Reuters)—Britain can be expected shortly to begin criminal investigations into the alleged rigging of currency markets if comments by its chief market regulator this week are taken at face value, an industry umbrella group said on Friday [Feb. 7].
Lipper hedge fund performance - January 2014 - Event-Driven (U.S. funds)
02/26/2014 3:53:06 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 - January 2014 - Event-Driven (all funds)
02/26/2014 3:48:07 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: UK commodity regulator embraces more openness
By John Kemp, Reuters
02/27/2014 3:50:19 PM ET
By publishing a new primer on the changing landscape for commodity markets and emerging issues for regulators, Britain's Financial Conduct Authority (FCA) has taken a welcome first step towards greater transparency.
Despite its rather dull title, the FCA's "Commodity Markets Update", released on Thursday [Feb.