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.
IMF unveils investors behind emerging market debt boom
03/06/2014 10:39:44 AM ET
WASHINGTON (Reuters)—Big institutional investors account for 80 percent of the half a trillion dollars foreigners have plowed into emerging market sovereign debt in the last few years, according to an analysis by International Monetary Fund economists.
Investors such as hedge funds and sovereign wealth funds held $768 billion in emerging market government bonds as of June 2013, the paper showed.
Lehman Europe creditors in line for extra $8 billion payday
03/05/2014 1:09:05 PM ET
LONDON (Reuters)—Hedge funds, asset managers and other creditors of Lehman Brothers' European arm will next month be fully paid out from money recovered from the carcass of the bank and could get an extra £5 billion ($8.4 billion).
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.
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.
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.
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.
EU bank trading plan stops short of U.S. Volcker rule
01/06/2014 1:16:20 PM ET
LONDON (Reuters)—Banks in the European Union face limits on taking market bets with their own money under a draft EU proposal that represents a central plank of attempts to prevent a repeat of the financial crisis of 2007 to 2009.
Policymakers want to rein in excessive trading risks in the EU banking sector, whose assets total some €43 trillion ($59 trillion), that could threaten depositors if trades go wrong and potentially put taxpayers on the hook in a rescue.
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: 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.