Barclays joins retreat from commodities as new rules bite
04/22/2014 2:00:53 PM ET
LONDON (Reuters)—Barclays will quit most of its commodities trading businesses, joining a broader retreat by banks as profits tumble in the face of tougher regulation.
The British bank's exit means three of the top five banks in commodities have significantly reduced or shuttered their natural resource trading arms since last summer, with profits hit by regulatory demands for lenders to hold more capital to shield them against any problems.
Trafigura steps out of the shadows in academic case study
04/17/2014 4:05:54 PM ET
Editor's note: This version of the story corrects the spelling of Andrew Gowers' first name in the 4th paragraph.
NEW YORK (Reuters)—A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry, just big merchants seek to fill a void being left by Wall Street banks.
Hedge funds' March performance worst in nine months: data
04/10/2014 5:13:56 PM ET
LONDON (Reuters)—Hedge funds had their weakest month since mid-2013 in March, data showed on Thursday [April 10], as investments took a hit from tensions in Ukraine and fears of a slowdown in China.
The asset-weighted SS&C GlobeOp Capital Performance Index showed the gross return of the average fund was minus 1.
Goldman loses four Asia prime brokerage execs to rivals
04/23/2014 12:57:19 PM ET
HONG KONG (Reuters)—At least four mid-level executives are leaving Goldman Sachs Group's Asia prime brokerage unit to join rival banks, people familiar with the matter said, just as the regional hedge fund industry is starting to pick up.
Prime brokers cater exclusively to hedge funds, clearing trades and lending money.
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.
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.
By HedgeWorld Staff
08/20/2008 3:59:29 PM ET
Penserra, BIDS Trading in Agreement
NEW YORK (HedgeWorld.com)—Agency broker Penserra Securities and BIDS Trading on Wednesday [Aug. 20] announced an agreement whereby Penserra's institutional investor client base will get direct access to the BIDS Trading crossing system.
Insurance against a China financial crisis is a tough sell
04/21/2014 1:14:28 PM ET
SINGAPORE (Reuters)—Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy.
But when it comes to China, the world's second-largest economy, the probability of a full-blown crisis is apparently so remote that hardly anyone will buy an insurance policy against it, no matter how cheap.
Former Soros team to start $150 million Hong Kong-based hedge fund
04/21/2014 1:02:34 PM ET
HONG KONG (Reuters)—A former Soros Fund Management team will start a Hong Kong-based hedge fund in the third quarter of 2014 with at least $150 million in initial capital including seed capital from HS Group, making it one of the biggest start-ups in the region this year.
Co-founded by Kenneth Lee and Michael Yoshino, the long/short equity hedge fund firm, Pleiad Investment Advisors, will focus on investments in China and Japan.
Hong Kong to review rules around alternative liquidity pools
02/27/2014 2:12:48 PM ET
HONG KONG (Reuters)—Hong Kong will launch a consultation period concerning future regulation of dark pool trading networks, the territory's securities regulator said on Thursday [Feb. 27].
DOJ probes finance firms' dealings with Libya
02/03/2014 12:21:20 PM ET
WASHINGTON (Reuters)—The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery laws in their dealings with Libya's government-run investment fund, The Wall Street Journal reported, citing people familiar with the matter.
Lipper hedge fund performance - March 2014 - Emerging Markets (Pure) (U.S. funds)
04/23/2014 3:24:09 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 - March 2014 - Emerging Markets (Pure) (all funds)
04/23/2014 3:22:17 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.