Today's Exclusives

• Opalesque Exclusive: Peak Soil Indexes aims to financialize farmland [more]

  Benedicte Gravrand, Opalesque Geneva: Peak Soil Indexes (PSI), an indexing boutique run by Paul Kanitra out of Greensboro, GA, has already established several core farmland indexes as benchmarks in the industry, and says it wants to "de

• Huntsman denies activist investor's 'misleading comments' about proposed merger with Clariant [more]

  Komfie Manalo, Opalesque Asia: Huntsman Corporation has accused White Tale Holdings, an activist investment group including Keith Meister's Corvex hedge fund and short-term oriented fund 40 North, of spreading false attacks on the firm's performance and its portfolio in a transparent and self

• David Stemerman is closing his hedge fund to run as governor in Connecticut [more]

  Komfie Manalo, Opalesque Asia: David Stemerman is shutting down his hedge fund firm Conatus Capital to run as governor in Connecticut, the New York Post reported. The 48-year-old Stemerma

• Stephen Mandel to step down from day-to-day operations at Lone Pine Capital [more]

  Bailey McCann, Opalesque New York: Hedge fund star Stephen Mandel told investors in a letter that he is stepping down from day-to-day operations at his hedge fund Lone Pine Capital. Mandel, who started in the hedge fund industry at Julian Robertson's Tiger Management, launched Lone Pine

• Swiss financial supervisor closes down fake cryptocurrency issuer, investigates other similar businesses [more]

  Benedicte Gravrand, Opalesque Geneva: Switzerland's financial supervisor has closed down the unauthorised provider of the fake cryptocurrency E-coin, which managed to siphon Chf4m ($4.15m) from several hundred users. According to the Financial Market Supervisory Authority (FINMA)'s

• Neuberger Berman closes $1.1 Bn Credit Opportunities Fund [more]

  Opalesque Industry Update - Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private

• Capital Dynamics launches mid-market private credit business [more]

  Opalesque Industry Update - Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They

Today's Other Voices

• Other Voices: Does Artificial Intelligence start wars? Thoughts on Elon Musk [more]

  By Lars Jaeger: The billionaire and acclaimed tech visionary Elon Musk just expressed another dire warning about the potential of artificial intelligence (AI). In a Twitter message (where else, we are to ask today) a few days ago he warned that this technology represents a greater risk to world p

More Exclusives

• 18. Sep. | Managed account 3D Capital is up nearly 70% of the time the S&P 500 is down [more]

  Komfie Manalo, Opalesque Asia: Separately managed account 3D Capital Management programs utilize a global macro, systematic investment approach to trade exclusively in the E-mini S&P 500 futures contract. The programs have achieved pro

• 18. Sep. | Opalesque Roundup: Crypto hedge funds aim to crack $1.2bn in assets: hedge fund news, week 38 [more]

  In the week ending 15 September, 2017, in FinTech, hedge funds are hacking blockchains to guide them in their cryptocurrency investments. There are now more t

• 15. Sep. | Opalesque Exclusive: Cryptocurrency investing: a lot of issues need to be addressed [more]

  Benedicte Gravrand, Opalesque Geneva: As the number of hedge funds investing in cryptocurrencies or in ICOs has been rising, so have concerns surrounding such investments.

• 13. Sep. | Opalesque Exclusive: Delivering Alpha roundup - managers hate bitcoin, love store brands [more]

  Bailey McCann, Opalesque New York: Investment managers really hate bitcoin. At least that was the overwhelming takeaway from the panels yesterday at the CNBC Institutional Investor Delivering Alpha Conference in New York. When asked, nearly every manager at the event suggested that bitcoin was

• 11. Sep. | Opalesque Roundup: Geopolitics is now the number one concern of institutional investors: hedge fund news, week 37 [more]

  In the week ending 08 September, 2017, among outlooks, Allianz Global Investors said that geopolitics has now become the number one concern of glob

• 06. Sep. | Opalesque Exclusive: Expect more cryptocurrency-related regulation after China ICO ban [more]

  Benedicte Gravrand, Opalesque Geneva: The People's Bank of China (PBoC) announced on Monday an immediate ban on initial coin offerings (ICOs), and pronounced them illegal and a threat to financial stability. Individuals and organizations that have finalized ICO fundraisings will have to retur

• 05. Sep. | Opalesque Roundtable: Is MiFID II creating competitive disadvantages for European asset managers? [more]

  Komfie Manalo, Opalesque Asia: The regulatory framework MiFID II which is kicking in by January 2018 offers a number of pain points which the industry can't get away with, said Markus-Alexander Flesch, head of Global Sales Equity and Index Derivatives at

• 04. Sep. | Opalesque Roundup: Dozens of new cryptocurrency hedge funds push onto the market: hedge fund news, week 36 [more]

  In the week ending 01 September, 2017, In FinTech, Autonomous NEXT has released a list of 55 cryptocurrency hedge funds, illustrating the mounting interest in the space at a tim

• 01. Sep. | Opalesque Exclusive: As AI advances, index products could get 'smarter' [more]

  Bailey McCann, Opalesque New York: As investors line up behind "rules-based" investment products like smart beta ETFs and systematic equities funds, many market participants have rushed to come out with products that lean heavily on machine learning and big data. Several quant shops have announce

• 31. Aug. | Opalesque Exclusive: Blackcrane Capital is bullish on the China vs. South Korea 'hate trade' [more]

  Bailey McCann, Opalesque New York for New Managers: As the battle between China and South Korea over economic and geopolitical issues continues to heat up, tourist travel to both countries is starting to slide, taki

• 31. Aug. | Opalesque TV: Outlook is upbeat for capital raising and hedge fund seeding [more]

  Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund seeder talks to Opalesque about the current trends in his industry. Tages Capital,

• 30. Aug. | Opalesque Roundtable: To focus or not to focus? When asset managers try their hands at too many things [more]

  Komfie Manalo, Opalesque Asia: Fund managers could be tempted by investor requests to do too many things in their pursuit of performance that they can lose focus on their core strength and purpose, stated participants of the latest

• 29. Aug. | Opalesque Roundtable: Should investors 'buying the dip' when a hedge fund manager's performance gets behind his historical returns? [more]

  Komfie Manalo, Opalesque Asia: Hedge fund investors should look at the expectation of the strategy, the tolerated updownside/upside capture and alpha generation over a longer period of time and use that as a general framework to evaluate a particular fund instead of focusing on "consistent perfor

• 28. Aug. | Opalesque Roundtable: The Great Diversification Discussion: Why multi-manager portfolios should resemble a professional toolbox, not a bag of Swiss army knives [more]

  Komfie Manalo, Opalesque Asia: Investors should consider a fund's portfolio and its diversification not just on a stand-alone basis but also within the context of the investor's overall portfolio, said Henri Österlund, founder of activist investing firm

More Other Voices

• 06. Sep. 2017 | Other Voices: Are there still opportunities in structured credit hedge fund strategies? [more]

  By Donald A. Steinbrugge, CFA, Managing Partner Agecroft Partners, LLC Hedge fund managers focused on structured credit strategies can be simplistically divided into two categories: beta managers or alpha generators. Many investors believe the beta opportunity born out of the financial crisis

• 05. Sep. 2017 | Other Voices: Are CTAs a crowded trade? [more]

  Authored by Dr. Tillmann Sachs, CIO and Head of Research at London-based J8 Capital Management. Recently, an investor asked if investing in CTAs was investing in a crowded trade. We

• 14. Aug. 2017 | Other Voices: Crisis risk offset; about time? [more]

  This article was authored by Russell Barlow, global head of hedge fund solutions at London-based Aberdeen Asset Management. Like the ubiquitous force of gravity, when financial markets rise they must fall. The quest

• 28. Jul. 2017 | Other Voices: ICO hell is here (for U.S. investors) [more]

  Chris Kitze Technology Innovator and Investor ICO's surpassed VC funding for blockchain companies in the first half of 2017. Tezos raised $232m in two weeks and Bancor pocketed $153m in just three hours. New coin listings on exchanges have generated eye-popping returns for early investor

• 27. Jul. 2017 | Other Voices: Activist's investment in Nestle: Upcoming depreciation of major world currencies [more]

  By Alex Gavrish, Etalon Investment Research; author of Story Investing. Alex Gavrish discusses the possible story behind an activist inves

• 22. Jun. 2017 | Other Voices: Are your pricing policies and procedures for less liquid instruments adequate? [more]

  Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

• 21. Jun. 2017 | Other Voices: What is the Capital Inflow From China A-share Index Inclusion? [more]

  By Qi Wang, CFA, CEO at MegaTrust Investment (HK): As expected, MSCI today announced the inclusion of China A-shares in its Emerging Markets Index for the firs

• 24. May. 2017 | Other Voices: The insidious threat of data mining bias [more]

  Guest article from Kris Longmore, Founder and Head of Quantitative Research at Quantify:In the context of systematic trading research, data mining bias refers to the risk of attributing significance to a result that was in fact due to chance. I refer to it as an "insidious threat" becau

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NYMEX - CRUDE OIL (Nov. - @CL) – Daily

Near Term Trend: Neutral / Bearish

As of 9/15/17 close: $49.83 (- 0.52)

UPDATE: Last week, I suggested selling near 49.42 and looking to cover near 44.59. I also suggested new longs near 44.59.

Trading in crude this week took prices a bit north of the suggested sell point from last week’s report. However, if you’re holding shorts with entries near 49.42, you should be OK. I’m thinking prices are going to drop back down towards 47.15 before making another run at the recent highs near 51.00.

I would be holding existing shorts in crude and adding shorts on a bounce towards 51. The downside target will be 47.15 – at which point shorts should be covered and longs initiated. The upside target will be 51.08.