Today's Exclusives

• Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies [more]

  Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

• Opalesque Roundup: SEC shakes hedge fund industry with Cooperman insider trading case: hedge fund news, week 38 [more]

  In the week ending 23 September, 2016, on the legal scene; the SEC has charged Leon Cooperman of insider trading in connection with Atlas Pipeline; Co

• Maples Fund Services celebrates 10 years in Hong Kong [more]

  Opalesque Industry Update - Maples Fund Services, a division of MaplesFS and an independent global fund services provider, marks a major milestone in 2016 with the tenth anniversary of the opening of its Hong Kong office. Since commencing operations in Hong Kong in 2006, Maples Fund Servic

• Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements [more]

  Opalesque Industry Update - A new study of the hedge fund space by industry law firm Seward&Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements that hedge fund managers sometimes make with investors, overriding general te

Today's Other Voices

• Other Voices: Cooperman insider trading case suffers from same flaw as SEC's loss to Cuban, but bolstered by Cooperman invoking right against self-incrimination [more]

  From law firm Sadis&Goldberg LLP: The insider trading case against Leon Cooperman is eerily similar to the SEC's loss to Mark Cuban, by relying on a "he-said, she-said" claim of an oral promise not to trade - but is bolstered by Cooperman as

More Exclusives

• 22. Sep. | Opalesque Exclusive: South African equity-centric hedge funds post strong returns in August [more]

  Komfie Manalo, Opalesque Asia: South African equity-centric hedge funds reported strong gains in August and surged ahead with a solid set of returns, ahead of market indices following a moderately weak July, South African prime broker Peregrine

• 22. Sep. | Opalesque Exclusive: Overstock.com edges closer to first public issuance of blockchain equities [more]

  Bailey McCann, Opalesque New York: For all of the money going toward blockchain experiments at big financial firms, Overstock.com may be the closest to beating them to market. The company has steadily been building a blockchain based fintech business alongside its online retail arm. The subsidia

• 22. Sep. | Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you [more]

  Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L

• 19. Sep. | Opalesque Exclusive: Investors, hedge funds weigh on greatest upcoming global risks [more]

  Komfie Manalo, Opalesque Asia: Financial management company ML Capital said that because of the unstable economic environment, more fund managers have pooled funds into a lot of the same positions in an attempt to hedge against this volatility.

• 19. Sep. | Opalesque Exclusive: Despite uncertainty investors plug money into European funds [more]

  Bailey McCann, Opalesque New York: Even though many European countries are dealing with slow growing economies, investors are still piling money into European private funds. Late last week, French private equity firm Ardian closed its sixth fund on €4 billion. The fund hit its hard-cap and was ov

• 19. Sep. | Opalesque Roundup: Fewer hedge funds launch but also fewer fold: hedge fund news, week 37 [more]

  In the week ending 16 September, 2016, HFR said that hedge fund launches and liquidations fell in the second quarter of this year from the first quarter; Rory

• 16. Sep. | Opalesque Exclusive: The idiosyncrasies of European activist investing [more]

  Benedicte Gravrand, Opalesque Geneva: Activist investing is in vogue in North America, and well publicised by the brash actions of managers such as Carl Icahn of Icahn Enterprises, Bill Ackman of Pershing Square and Paul Singer of Elliott Management. It is slowly gaining ground in Europe, with a

• 15. Sep. | Opalesque Exclusive: The beauty of small-cap stocks [more]

  Benedicte Gravrand, Opalesque Geneva for New Managers: The beauty of small-cap stocks, according to hedge fund manager Indraneel Das, is in their standard deviation: "They encompass a very rich universe with a wide

• 14. Sep. | Opalesque Exclusive: Investment titans offer top ideas at Delivering Alpha [more]

  Bailey McCann, Opalesque New York: Some of the biggest names in asset management weighed on the state of world affairs and world markets, at the Delivering Alpha Conference held yesterday in New York. Panelists were generally gloomy, but tucked in among the worry were a few of their best ideas.

• 12. Sep. | Opalesque Roundup: Latest research vindicates hedge funds' stock picking skills: hedge fund news, week 36 [more]

  In the week ending 09 September, 2016, stocks where hedge funds own a large percentage of the outstanding shares tend to outperform the S&P 500 by about 3.6% a year, research firm

• 07. Sep. | Opalesque Exclusive: Singapore hedge fund Pangolin frustrated with ASEAN politicians [more]

  Komfie Manalo, Opalesque Asia: Singapore-based hedge fund manager Pangolin Investment Management has expressed frustration over ASEAN politicians who have let down their respective countries. Pangolin Director James Hay said that the potentia

• 06. Sep. | Opalesque Exclusive: Compliance for smaller hedge fund managers; view from Connecticut [more]

  Benedicte Gravrand, Opalesque Geneva for New Managers: Consultant Lisa Snyderman shares her experience as an outsourced chief compliance officer (CCO), and a few tips for small and new fund managers. Lisa S

• 05. Sep. | Opalesque Exclusive: Update: Hong Kong manager launches emerging hedge fund program [more]

  Benedicte Gravrand, Opalesque Geneva for New Managers: A Hong Kong-based asset manager that runs a hedge fund platform is launching a funding program for emerging managers, confident that flows will return to China’

• 05. Sep. | Opalesque Roundup: Investors redeem from hedge funds at a scale comparable to 2009 global financial crisis: hedge fund news, week 35 [more]

  In the week ending 02 September, 2016, Preqin said that the hedge fund industry saw $34bn in asset withdrawals in the first half of 2016, as total AuM reached $3.11tln. However, separate data from eVestment showed that that investors siphoned off some $25.2bn in July ($55.9bn in H1), a scale

More Other Voices

• 21. Sep. 2016 | Other Voices: Social Engineering: The human element to hedge fund hack attacks [more]

  By Mark Coriaty, Chief Strategy Officer, Eze Castle Integration As financial firms become increasingly interconnected and globalized, their dependence on cyberspace has skyrocketed. While this amplified reliance on the infobahn has accelerated productivity and growth, it has also exposed firms

• 07. Sep. 2016 | Other Voices: Are the capital markets headed for a major correction and will hedge funds help or hurt? [more]

  By: Donald A. Steinbrugge, CFA – Founder and CEO, Agecroft Partners Major corrections of the capital markets are a risk that investors always need to consider. The question is not if, but when will it happen. Investors need to consider: What is the probability of it happening in the near future?

• 25. Aug. 2016 | Other Voices: Risk parity - looking at risk through a different lens [more]

  By: Chris Tucek, a Partner with Aon Hewitt Investment Consulting in Chicago Our outlook calls for low returns by historical standards for traditional asset classes over the medium term. Looking backward, we have experienced higher levels of equity market volatility in the past year with notable

• 10. Aug. 2016 | Other Voices: AIFMs must ensure investors don’t pay for Brexit passporting fall-out [more]

  The loss of AIFMD passporting rights that enable UK-based alternative fund managers to market products across the EU has been one of the industry’s main concerns since the Brexit vote. Tim Thornton, COO, Fund Services, MUFG Investor Services, explores potential implications. "Whether t

• 26. Jul. 2016 | Other Voices: Artificial intelligence: surviving the next black swan event through next generation algorithmic trading [more]

  By Michael S. Young, Chief Operating Officer and Co-Founder Mediatrix Capital Sophisticated artificial intelligence (AI) is enhancing the Forex investment approach with next generation algorithmic systems that are able to perform human tasks such as visual perception and multi-input decision-mak

• 21. Jul. 2016 | Other Voices: Misconception of hedge funds [more]

  This article was authored by Logica Capital Advisers, Los Angeles. Investors use hedge funds (HFs) for a variety of reasons, including diversification and improved risk adjusted returns. However, our observation has shown that HFs carry some misconceptions about their benefits. We hav

• 14. Jul. 2016 | Other Voices: How UCITS funds can expand their investor base into the U.S. [more]

  By: Michael G. Tannenbaum Undertakings for Collective Investments in Transferable Securities (UCITS) have become increasingly popular as an attractive cross-border investment fund product. UCITS funds are readily sold in the European Union under its harmonized regulatory regime, allowing member n

• 30. Jun. 2016 | Other Voices: UK votes to leave the EU: What does it mean for asset managers? [more]

  Authored by partners at global law firm Dechert LLP. The voters have spoken. Britain will (absent any new deals) leave the EU.  Under the EU Treaty, the exit process should take at least two years. During this two-year period, UK-base

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NYMEX - CRUDE OIL (December) – Daily

Near Term Trend: Negative

Friday’s Close: $45.07 (- $ 1.93)

UPDATE: Weeks ago we had alerted our readers of formidable resistance at $51.00 (December contract adjusted) should cap any further advance, and profit taking (selling) should be apparent. Subsequently, the price of Crude sold off from our resistance point down to $41.60.

For the last four weeks we alerted our readers Crude would trade in a $5.00-7.00 range, and that is exactly the way it played out, however the weakness on Friday is threatening to break the price of Crude to a much weaker level than we anticipated. A close below $43.85 is pivotal.