U.S. CFTC Watchdog Faults Gensler For MF Global Probe Recusal
05/21/2013 5:46:10 PM ET
WASHINGTON (Reuters)—The chairman of the U.S. derivatives regulator made a questionable call when he chose to distance himself from probing the demise of futures broker MF Global, the agency's internal watchdog said in a report released on Tuesday [May 21].
Oaktree Founders Could Reap Up to $80 Million Each in Stock Sale
05/21/2013 5:03:47 PM ET
NEW YORK (Reuters)—Oaktree Capital LLC, the world's largest distressed debt investor, said its two founders could each receive as much as $79.9 million in a secondary offering of its shares if the firm clears net proceeds of $367.
E.U. Oil Probe Seeks Market Abuse Evidence Since 2010
05/21/2013 3:48:57 PM ET
EDITOR'S NOTE: This story has been updated with the European Commission's list of requests for information.
LONDON (Reuters)—The European Commission is asking oil traders across the continent to provide evidence of market abuse to determine whether companies sought to manipulate prices reported to leading price-setting agency Platts.
Goldman's Special Situations Group Names New Global Head
05/01/2013 3:26:04 PM ET
NEW YORK (Reuters)—Goldman Sachs Group Inc. has named Julian Salisbury to become head of its Global Special Situations Group, as current head Jason Brown retires, according to memos sent on Wednesday [May 1] that were obtained by Reuters.
Noble Hires Evans to Bolster Base Metals Operations
04/29/2013 3:07:01 PM ET
NEW YORK (Reuters)—Goldman Sachs' former senior physical metals trader Scott Evans will join Noble Group as the Hong Kong-based commodity trading house expands its base metals operations.
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.
E.U. Manipulation Probe Spotlights Oil Firms' Trading Desks
05/22/2013 11:44:54 AM ET
LONDON (Reuters)—Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
Regulators have scrutinized banks, trading houses and commodities markets more closely following the LIBOR benchmark rigging scandal, but trading desks at oil majors have largely escaped attention.
Credit Rating Firms Sow Doubt on Euro Zone Bond Rally
05/22/2013 11:23:24 AM ET
LONDON (Reuters)—Credit rating firms say they could further downgrade the ratings of highly indebted euro zone countries, putting their bonds at risk of being pitched out of global indexes and reversing a fall in their borrowing costs.
The view from the rating firms contrasts with the sanguine attitude of investors who, flush with central bank cash and reassured by the European Central Bank's promise to take whatever measures are necessary to safeguard the common currency, have been buying lower-rated bonds because of the higher returns or "yields" they earn on them.
Lew: Foreign Officials Too Critical on Swaps Rules
05/21/2013 3:27:56 PM ET
WASHINGTON (Reuters)—Foreign countries are being too critical and potentially hurting delicate negotiations with U.S. regulators over how broadly they should apply new over-the-counter derivatives rules to trades that cut across borders, U.
U.S. Senators Urge CFTC to Rein in Oil Majors
05/21/2013 10:13:50 AM ET
WASHINGTON (Reuters)—Large energy companies look set to slip through the maze of new rules for derivatives trading, a group of U.S. senators said, urging regulators to tighten oversight to cover all the market.
Lipper Hedge Fund Performance - April 2013 - Event-Driven (U.S. Funds)
05/22/2013 12:54:38 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 - April 2013 - Event-Driven (All Funds)
05/22/2013 12:53:51 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: Japan Rates May Torpedo Recovery
By James Saft, Reuters
05/22/2013 4:30:11 PM ET
James Saft is a Reuters columnist. The views expressed are his own.
Spiking interest rates in Japan threaten to undermine, and possibly end, the recovery being engendered by Abenomics.
Opinion: How to Manipulate Oil Price Assessments
By Robert Campbell, Reuters
05/15/2013 2:12:43 PM ET
Robert Campbell is Reuters' energy markets columnist. The views expressed are his own.
The vulnerability of physical crude price assessments to manipulation is an open secret within the oil industry.
Dollar Power From Freddie/Fannie Bad for Commodities
09/09/2008 11:32:54 AM ET
NEW YORK (Reuters)—Investors, ready to hammer commodities down after driving them to record highs just months ago, may find more inspiration for their pessimism after the bailout of U.S.
Analysis: Zinc Prices to Slide Further on Oversupply
09/02/2008 11:18:04 AM ET
LONDON (Reuters)—With sliding zinc prices taking their toll on miners, they can be forgiven for asking when the market will turn upwards—not any time soon, according to market experts.
The industry has seen mine closures and output cuts as energy, labor and equipment costs rise while zinc prices drop.