Wed, May 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds bullish on palladium prices as shortage looms

Tuesday, August 06, 2013

amb
Palladium
Precy Dumlao, Opalesque Asia:

Hedge funds are bullish on palladium’s prices as global financial firms like Morgan Stanley and Credit Suisse have predicted there will be a shortage of the metal.

A report by BusinessWeek said that Morgan Stanley had predicted that global demand for palladium would exceed the 1.33 million ounces to be produced this year. For its part, Credit Suisse said the shortage for the metal would last up to 2016, while research firm CPM Group said the deficit would take a decade to fill.

John Stephenson, who manages C$2.65bn at First Asset Investment Management Inc in Toronto, was quoted as saying, "The supply situation is potentially very bullish for palladium, so I am probably the most bullish on palladium amongst all commodities. Any time supply and demand are out of whack, we see prices swing."

Palladium rose 3.3% to $728 in London this year, says BusinessWeek. Prices are expected to reach $800 an ounce in Q1 of 2014, a 9.2% increase from its current level and further rise to $850 in 2015. Already, speculators, including hedge funds, have raised their bets on higher prices as car sales are expected to to rise. 67% of the palladium supply is used in auto-catalysts.

Data from the U.S. Commodity Futures Trading Commission (CFTC) showed that hedge funds and other speculators hold a net 22,970 palladiu......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  2. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  3. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  4. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom

  5. News Briefs - A former hedge fund manager is running a free masters program in financial engineering, Trinity Fund Administration Ltd joining the Mainstream BPO Group, Chelsea Clinton's husband joins Silicon Valley's Social Capital, The quants run Wall Street now[more]

    A former hedge fund manager is running a free masters program in financial engineering A former hedge funder is offering a free masters degree in a field that's integral to Wall Street's future. Igor Tulchinsky, a former managing director at Millennium Partners, a New York-based hedge fu