International
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Biggest Traders Helping E.U. Oil Probe, Not In It
By Reuters
05/20/2013 2:59:35 PM ET
LONDON (Reuters)—European investigators have asked top trading houses Glencore, Vitol and Gunvor to help with a probe into oil price manipulation, while not suggesting they are under investigation, industry sources said on Monday [May 20].
Last week, European Commission authorities raided the London bureau of pricing agency Platts and the offices of oil majors Statoil, Royal Dutch Shell and BP in the biggest cross-border action since the probe into rigging of LIBOR benchmark interest rates.
Oil Price Probe Widens, U.S. Senator Wants Justice Dept. Help
By Reuters
05/17/2013 5:15:29 PM ET
EDITOR'S NOTE: This story has been updated throughout.
LONDON/WASHINGTON (Reuters)—A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.
Blackstone Planning to Create New Hedge Fund
By Reuters
05/17/2013 11:02:17 AM ET
NEW YORK (Reuters)—Blackstone Group LP is planning to create a hedge fund which will consist of the boldest trades from the third-party hedge funds it invests with, the Financial Times reported.
The new fund will invite managers to sell their interesting trading ideas in exchange for a fee and it will be run by former Duquesne Capital partner, Greg Geiling, the daily said.
Goldman's Special Situations Group Names New Global Head
By Reuters
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
By Reuters
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.
Mr.
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.
Technology Briefs
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.
Hedge Funds Selling Gold Again After Propping Market Last Month
By Reuters
05/20/2013 12:54:24 PM ET
NEW YORK (Reuters)—Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday [May 17], just a month after they had supported the precious metal amid a record tumble in its price.
Money managers, including hedge funds, pulled $1.
Frontier Markets Booming, But Risks Mounting
By Reuters
05/20/2013 11:43:24 AM ET
NEW YORK (Reuters)—With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track record.
Even the biggest investors acknowledge that "frontier markets" like Vietnam and Romania aren't for the faint of heart because nobody knows whether these new debt market players will be able to make good on their obligations.
High-Speed Trading a Stiff Challenge For U.S. Regulators
By Reuters
05/20/2013 10:52:56 AM ET
CHICAGO (Reuters)—Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown causes.
The latest alarm was triggered by a fake tweet saying that the White House was bombed, prompting a U.
Accounting Boards Plan to Keep Leases on Balance Sheets
By Reuters
05/16/2013 12:10:06 PM ET
LONDON/NEW YORK (Reuters)—Company balance sheets could swell by trillions of dollars under an international plan issued on Thursday [May 16] by two accounting bodies to show more clearly the cost of leasing everything from photocopiers to property.
If the revised draft from the International Accounting Standards Board and the U.
Lipper Hedge Fund Performance - April 2013 - Emerging Markets (Pure) (U.S. Funds)
By HedgeWorld
05/20/2013 3:13:17 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 - Emerging Markets (Pure)
By HedgeWorld
05/20/2013 3:12:14 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: 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.
Opinion: BRICs Hit the Wall; Restructure, or Recycle?
By James Saft, Reuters
04/25/2013 4:07:08 PM ET
James Saft is a Reuters columnist. The views expressed are his own.
It may be time for emerging market investors to acknowledge the truth: the problem is not just cyclical, it is structural.
Dollar Power From Freddie/Fannie Bad for Commodities
By Reuters
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
By Reuters
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.
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