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Influence of banks, hedge funds on commodities lowest since 2008

Posted on 17 April 2014 by VRS  |  Email |Print

United Nations economists who previously called for government intervention to tame volatile swings in commodity prices say banks and hedge funds have since reduced their influence to the lowest level since 2008.
In a 2012 report for the UN Conference on Trade and Development (UNCTAD), David Bicchetti and Nicolas Maystre said the rise of financial players in commodities markets over the previous decade had moved prices of oil and grains away from the fundamentals of supply and demand………………………………………..Full Article: Source

Armajaro commodities fund assets fall almost 25 pct in first quarter

Posted on 17 April 2014 by VRS  |  Email |Print

London-based Armajaro Asset Management lost nearly a quarter of assets at its largest commodities fund in the first quarter, the latest sign that edgy investors have continued to withdraw cash from the sector after weak returns, documents show.
Assets under management at Armajaro Commodities Fund (ACF), the biggest of the group’s six hedge funds and one of three dedicated to commodities, fell to $686 million by end-March from $904 million at end-December, documents obtained by Reuters on the fund showed on Wednesday………………………………………..Full Article: Source

Hedge funds end ‘record’ ag commodity buying spree

Posted on 15 April 2014 by VRS  |  Email |Print

Hedge funds’ longest run of bullish positioning by agricultural commodities in recent history ended as investors took profits on gains, as well as placing more bets on falling prices. Managed money, a proxy for speculators, cut its net long position in futures and options in the top 13 US-traded agricultural commodities, from cotton to cattle, by nearly 38,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator.
The decline reflected the first week-on-week drop in the net long position – the extent to which long holdings, which profit when prices rise, exceed short positions, which benefit when values fall – since January………………………………………..Full Article: Source

Commodity funds bounce in Q1 after 2013 losses

Posted on 11 April 2014 by VRS  |  Email |Print

Commodity funds bounced in the first quarter from a 2013 loss, with the top performers in the Lipper Global Commodity group racking up double-digit returns after rallies in agriculture, natural gas and nickel.
Supply disruptions provided opportunities across the asset class, but fund managers said only a few of these bullish fundamentals would persist into the second quarter and that some commodities are now over-valued………………………………………..Full Article: Source

Hedge funds and other speculators misjudged gold prices for a second time in three weeks

Posted on 09 April 2014 by VRS  |  Email |Print

Hedge funds and other speculators misjudged gold prices for a second time in three weeks. Just after the investors sold bullion holdings for a second consecutive week, a disappointing U.S. jobs report sparked the biggest rally in prices since mid-March. Their funds fared better in the five preceding weeks, correctly adjusting wagers 80 percent of the time.
Investors who were anticipating gold’s 2014 rebound would fizzle had reason to be confident at the start of last week. As U.S. equities surged to a record, bullion slid to a seven-week low on April 1 as fewer traders saw the appeal of the haven asset………………………………………..Full Article: Source

5 commodity mutual funds to watch in 2014

Posted on 09 April 2014 by VRS  |  Email |Print

The S&P 500 scored gains of just 1.3% in first-quarter 2014. In comparison, the Thomson Reuters/Core Commodity CRB Index ended the first quarter with gains of 8.7%. This marked the 19-commodity index’ best performance since Sep 2012, as commodities turned out to be among the best investment options in the quarter. Commodities were reported to have secured the best gains among all asset classes since 2012.
The gains have come through a period when Chinese economic data have mostly been dismal, the Federal Reserve kept alive the trend of reducing its bond buyback program and the Russia-Ukraine crisis added to the volatility………………………………………..Full Article: Source

Hedge funds’ bullish spree on ags tests ‘record’

Posted on 08 April 2014 by VRS  |  Email |Print

Hedge funds’ raised the stakes in their bets on agricultural commodity prices for a ninth successive week, one the longest sprees on record, as a US corn planting hopes added to concerns over weather setbacks to a number of crops.
Managed money, a proxy for speculators, raised its net long in future and options in the top 13 US-traded agricultural commodities by more than 49,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator………………………………………..Full Article: Source

Speculators mistime bearish gold bets before rally: Commodities

Posted on 07 April 2014 by VRS  |  Email |Print

Hedge funds and other speculators misjudged gold prices for a second time in three weeks. Just after the investors sold bullion holdings for a second consecutive week, a disappointing U.S. jobs report sparked the biggest rally in prices since mid-March. Their funds fared better in the five preceding weeks, correctly adjusting wagers 80 percent of the time.
Investors who were anticipating gold’s 2014 rebound would fizzle had reason to be confident at the start of last week. As U.S. equities surged to a record, bullion slid to a seven-week low on April 1 as fewer traders saw the appeal of the haven asset………………………………………..Full Article: Source

Hedge funds get gold timing wrong on rebound: Commodities

Posted on 07 April 2014 by VRS  |  Email |Print

Hedge funds and other speculators misjudged gold prices for a second time in three weeks. Just after the investors sold bullion holdings for a second consecutive week, a disappointing U.S. jobs report sparked the biggest rally in prices since mid-March.
Their funds fared better in the five preceding weeks, correctly adjusting wagers 80 percent of the time. Investors who were anticipating gold’s 2014 rebound would fizzle had reason to be confident at the start of last week. As U.S. equities surged to a record, bullion slid to a seven-week low on April 1 as fewer traders saw the appeal of the haven asset………………………………………..Full Article: Source

Carlyle’s commodity arm starts trading new gold and base metals fund

Posted on 21 March 2014 by VRS  |  Email |Print

Vermillion, the commodity arm of U.S. private equity group Carlyle Group LP, started trading a new gold and base metals fund this month as it seeks to rebuild market presence after losing more than half of its capital, people familiar with the matter said on Thursday.
In a regulatory filing dated Feb. 14, Vermillion’s chief operating officer, Christopher Zuech, said the Aeris Metals Fund had raised $122.5 million from 23 investors in total. The filing did not state the launch date………………………………………..Full Article: Source

Hedge funds most bullish on ags in three years

Posted on 18 March 2014 by VRS  |  Email |Print

Hedge funds turned their most bullish on agricultural commodities for three years, as they flocked to bet on higher grain prices amid the mounting tensions over Ukraine, and raised the stakes on the sugar rally too.
Managed money, a proxy for speculators, raised its net long position in futures and options in the top 13 US-traded agricultural commodities, by more than 133,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission (CFTC) regulator………………………………………..Full Article: Source

Carlyle commodity fund Vermillion’s assets halved to below $1 bln

Posted on 07 March 2014 by VRS  |  Email |Print

U.S. private equity group Carlyle said assets at its commodities hedge fund Vermillion fell by more than half in the nine months to December, suggesting investor redemptions at the fund after some negative returns.
New York-based Vermillion Asset Management was managing about $2 billion in March 2013 but that fell to around $900 million by December, Carlyle said in regulatory filings to the U.S. Securities Exchange and Commission………………………………………..Full Article: Source

The world is the savvy investor’s oyster

Posted on 05 March 2014 by VRS  |  Email |Print

International core equity funds offer good options for both passive and active fund investors: Funds focused on developed Europe offer attractive relative value with U.S.-type growth opportunities, while Asia Pacific–focused funds potentially benefit from recent volatility.
Emerging markets funds demand greater selectivity, and emerging markets debt funds are in for another volatile year. Commodity funds, meanwhile, remain lackluster despite gold achieving some price stability………………………………………..Full Article: Source

Speculators boost bullish oil bets to record on cushing

Posted on 04 March 2014 by VRS  |  Email |Print

Hedge funds increased their bullish bets on West Texas Intermediate oil to a record as rising flows of domestic crude to Gulf Coast refineries cut demand for more costly foreign grades.
Money managers bolstered net-long positions, or wagers on rising prices, on the U.S. benchmark by 2.2 percent in the week ended Feb. 25, Commodity Futures Trading Commission data show. The positions climbed to the highest level in CFTC data going back to 2006………………………………………..Full Article: Source

Speculators boost bullish oil bets to record on cushing

Posted on 03 March 2014 by VRS  |  Email |Print

Hedge funds increased their bullish bets on West Texas Intermediate oil to a record as rising flows of domestic crude to Gulf Coast refineries cut demand for more costly foreign grades.
Money managers bolstered net-long positions, or wagers on rising prices, on the U.S. benchmark by 2.2 percent in the week ended Feb. 25, Commodity Futures Trading Commission data show. The positions climbed to the highest level in CFTC data going back to 2006………………………………………..Full Article: Source

Hedge funds most bullish on gold rally in 14 months

Posted on 03 March 2014 by VRS  |  Email |Print

Hedge funds raised bullish gold wagers to the highest in more than 14 months amid mounting concern that the U.S. economic recovery is weakening.
The net-long position climbed 25 percent to 113,911 futures and options in the week ended Feb. 25, the highest since December 2012, U.S. Commodity Futures Trading Commission data show. Net-bullish holdings across 18 U.S.-traded commodities advanced 16 percent to 1.45 million contracts, the most since April 2011. Coffee wagers reached a 33-month high………………………………………..Full Article: Source

Why commodity trading is the comeback kid

Posted on 26 February 2014 by VRS  |  Email |Print

Hedge funds continue to rush into commodities according to the Commitment of Traders report covering the week of February 18. The bullish bets on 24 US traded commodities jumped by 15 percent to 1,659,000 contracts of futures and options.
This the seventh weekly increase in a row has driven the exposure to the highest since April 2011 and an unprecedented 23 out of 24 commodities tracked in this were bought………………………………………..Full Article: Source

A rocky year for precious metals equity funds

Posted on 25 February 2014 by VRS  |  Email |Print

What are we looking for? How equity funds that invest in gold, silver and other rare metals have performed in the past year. The screen: We looked at the best-performing precious metals equity funds for the year ended Jan 31. U.S. dollar, segregated and duplicate versions of the funds were excluded, as were those with minimum investments of more than $25,000.
What did we find? It was a losing year for precious metals funds, but there could be a glint in gold assets in the coming year. “We’re now at a stage where we see some glimpse of stabilization, but we’re nowhere near the recovery levels expected after the liquidity crisis in 2008. So quite a bit uncertainty here,” said Ani Markova, lead portfolio manager of AGF’s precious metals fund………………………………………..Full Article: Source

Hedge funds place largest bullish bets on commodities since 2011

Posted on 24 February 2014 by VRS  |  Email |Print

Hedge funds plowed into gold and crude oil as prices rallied this week, driving the bullish money wagered by commodity speculators to the highest level since 2011, data showed on Friday. Gasoline, natural gas and soybeans were other commodities that attracted huge buying during the week that ended Feb. 18, according to the data from the Commodity Futures Trading Commission.
The net-long or bullish money held by hedge funds and other speculators across 22 U.S. commodity markets rose to $119.5 billion in the Feb. 18 week from $102 billion during the week to Feb. 11, Reuters calculations of the CFTC data showed………………………………………..Full Article: Source

Hedge fund natural gas wagers jump on tumbling supplies: Energy

Posted on 24 February 2014 by VRS  |  Email |Print

Hedge funds increased bullish bets on natural gas for the fifth time in six weeks as arctic weather stoked demand for the heating fuel, depleting stockpiles and sending prices to a five-year high.
Money managers’ net-long positions, or wagers on rising prices, jumped 5 percent in the seven days ended Feb. 18, to the highest level since May, U.S. Commodity Futures Trading Commission data show. Bearish bets slid 7.3 percent to the lowest level in more than two years………………………………………..Full Article: Source

Global gold prices hit a trough in 2013, look for the next big move

Posted on 21 February 2014 by VRS  |  Email |Print

Investment funds sold off a staggering $40 billion worth of gold in 2013, swamping global demand for gold bars, jewelry and coins, as a more optimistic world economic outlook encouraged a switch into riskier assets.
But the rout in gold prices — they dove almost 30 percent last year — would have been much worse without burgeoning consumer demand in some countries, particularly in China, according to CNNMoney. During 2013, China eclipsed India as the world’s biggest market for gold………………………………………..Full Article: Source

Quant funds feel investor bite after underperforming

Posted on 19 February 2014 by VRS  |  Email |Print

Investors are losing patience with hedge-fund managers who rely on computers to follow global market trends after three years of underperformance. Quantitative hedge funds run by companies such as Man Group Plc (EMG) and Michael Platt’s BlueCrest Capital Management LLP saw investors pull $4.9 billion in the last three months of 2013, the most in five years, according to Chicago-based data provider Hedge Fund Research Inc.
That followed outflows of $1.1 billion in the second quarter and $668 million in the third, HFR said………………………………………..Full Article: Source

Speculators boost bullish U.S. oil wagers on supply drop: Energy

Posted on 17 February 2014 by VRS  |  Email |Print

Hedge funds became the most bullish on U.S. crude oil in more than five months as a new pipeline from Oklahoma to Gulf Coast refineries eased a supply bottleneck, driving prices above $100 a barrel.
Money managers increased net-long positions, or wagers on rising prices, for benchmark West Texas Intermediate crude by 11 percent in the week ended Feb. 11, U.S. Commodity Futures Trading Commission data show………………………………………..Full Article: Source

Hedge funds raise gold bull bets as Paulson holds: Commodities

Posted on 17 February 2014 by VRS  |  Email |Print

Hedge funds raised bullish gold wagers to a three-month high as signs of slowing U.S. economic growth spurred demand for haven assets. Billionaire John Paulson maintained his bullion holdings last quarter.
The net-long position climbed 17 percent to 69,291 futures and options in the week ended Feb. 11, U.S. Commodity Futures Trading Commission data show. Long wagers rose 8.8 percent, the most since March. Net-bullish holdings across 18 U.S.-traded commodities rose 18 percent to 1.07 million contracts, the highest since October 2012, led by silver and coffee………………………………………..Full Article: Source

Top platinum fund sees outflow

Posted on 12 February 2014 by VRS  |  Email |Print

The world’s biggest platinum-backed exchange-traded fund, based in South Africa, reported its largest ever outflow last week after the rand platinum price hit 5-1/2 year highs, prompting domestic investors to cash in gains.
Johannesburg-based NewPlat ETF, which tracks the rand-denominated platinum price, climbed more than 12 percent from the start of the year to its late January high as the South African unit hit five-year lows against the dollar………………………………………..Full Article: Source

Hedge funds rework currency positions in market drop

Posted on 07 February 2014 by VRS  |  Email |Print

Traders who anticipated a year when riskier bets would pay off are overhauling their foreign-exchange positions after an emerging-markets rout led to the worst start to the year for currency funds since 2004.
Hedge funds and other large speculators shuffled holdings of the dollar, yen, pound, Mexican peso and four other major currencies by a net 102,115 contracts in the week ended Jan. 28, according to Commodity Futures Trading Commission data. That’s the biggest realignment since September, with updated figures due tomorrow………………………………………..Full Article: Source

Gold bulls boost bets amid longest rally since 2012: Commodities

Posted on 27 January 2014 by VRS  |  Email |Print

Hedge funds got more bullish on gold for a fourth straight week before prices capped the longest rally in 16 months on mounting global growth concerns. The net-long position in gold climbed 0.2 percent to 43,353 futures and options in the week ended Jan. 21, U.S. Commodity Futures Trading Commission data show.
Long wagers declined 0.2 percent, while short bets slid 0.4 percent. Net-bullish holdings across 18 U.S.-traded commodities increased 5.6 percent, led by natural gas and copper………………………………………..Full Article: Source

Hedge funds end record bearish spree on ag futures

Posted on 21 January 2014 by VRS  |  Email |Print

Hedge funds ended their longest spree of bearish positioning on agricultural commodities on record as they took profits on short positions in grains, and hiked bullish bets on live cattle to a three-year high.
Managed money, a proxy for speculators, raised by more than 53,000 contracts its net long in futures and options in the main 13 US-traded agricultural commodities as of Tuesday, according to data from the Commodity Futures Trading Commission regulator………………………………………..Full Article: Source

Hedge funds raise gold wagers as Goldman sees drop: Commodities

Posted on 20 January 2014 by VRS  |  Email |Print

Hedge funds raised bullish gold wagers to the highest in eight weeks as signs of stronger Chinese demand drove prices to the longest rally since August. Goldman Sachs Group Inc. says the gains will be short-lived.
The net-long position in gold climbed 7.6 percent to 43,277 futures and options in the week ended Jan. 14, U.S. Commodity Futures Trading Commission data show. Long wagers rose 4.7 percent, outpacing the 2.9 percent gain in short bets. Net-bullish holdings across 18 U.S.-traded commodities advanced 2.6 percent, led by cattle, silver and soybeans………………………………………..Full Article: Source

Commodity funds face uphill struggle after dire 2013

Posted on 16 January 2014 by VRS  |  Email |Print

Commodity fund managers face an uphill struggle persuading investors to return to the unloved sector after an abject year in which just two actively managed funds in the 122-strong Lipper Global Commodity group made money.
Although a pick-up in economic growth is expected to boost demand this year, some commodities will remain hobbled by oversupply, making 2014 a crunch year for managers who need to convince investors the asset class can deliver………………………………………..Full Article: Source

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Hedge funds’ bearish turn on ags extends into 2014

Posted on 14 January 2014 by VRS  |  Email |Print

Hedge funds started the new year where they left off 2013 in extending their bearish positioning on agricultural commodities, fuelled by a raise in their net short holding on Chicago wheat to a record high – a profitable call.
Managed money, a proxy for speculators, cut its net long position in futures and options in the top 13 US-traded agricultural commodities, from cotton to cattle, by more than 40,000 contracts in the first week of 2014, according to data from the Commodity Futures Trading Commission regulator………………………………………..Full Article: Source

Bullish bets fell most in seven weeks before slump: Commodities

Posted on 13 January 2014 by VRS  |  Email |Print

Hedge funds cut their bullish commodity wagers by the most in seven weeks before prices dropped to an eight-month low on signs of surplus supply and slowing economic growth in China.
The net-long position across 18 U.S.-traded commodities fell by 11 percent to 678,885 futures and options in the week ended Jan. 7, U.S. Commodity Future Trading Commission data show. Investors are the most bearish on wheat ever and anticipate lower prices for corn, coffee, sugar and soybean oil. Bullish gold wagers rose to the highest since mid-November………………………………….Full Article: Source

Hedge fund bullish oil wagers drop as fuel supply gains: Energy

Posted on 13 January 2014 by VRS  |  Email |Print

Hedge funds became less bullish on crude oil for the first time in six weeks as U.S. inventories of fuel expanded at a time of weakening demand.
Money managers cut net-long positions, or wagers on rising prices, for benchmark West Texas Intermediate crude by 8.6 percent in the week ended Jan. 7, U.S. Commodity Futures Trading Commission data show. It was the biggest decline since June. Short positions gained the most since April………………………………….Full Article: Source

Hedge funds’ wheat gloom may ‘fuel price revival’

Posted on 08 January 2014 by VRS  |  Email |Print

The return, close to a record high, in hedge funds’ bets on falling wheat values, coupled with cold fears could - ironically - fuel a revival in prices, which took aim at a third successive day of gains on US markets.
Managed money, a proxy for speculators, cut its net long position in futures and options in the major 13 US-traded agricultural commodities by nearly 40,000 contracts in the last week of 2013, data from the Commodity Futures Trading Commission regulator showed………………………………………..Full Article: Source

JPM to liquidate Alt Ucits commodities fund

Posted on 06 January 2014 by VRS  |  Email |Print

JP Morgan Asset Management is set to liquidate its Alternative Ucits commodities fund next month following a drop in assets under management.
The JPM Highbridge Diversified Commodities fund is set to be closed on February 7, according to a letter to shareholders seen by Citywire Global. It ceased to accept new money into the fund from December 12 2013 except in exceptional circumstances, JP Morgan said………………………………………..Full Article: Source

ETFs to surpass hedge funds in 2014 - Dow Jones indices

Posted on 03 January 2014 by VRS  |  Email |Print

According to S&P Dow Jones Indices, exchange-traded funds are set to exceed hedge funds this year. Exchange-traded funds are defined by Investopedia as securities that track a commodity, index or a basket of assets like an index fund and are basically trading like a stock on an exchange.
A State Street and Wharton 2008 study earlier argued that ETFs could be attractive investments due to their low costs, stock-like features and tax efficiency………………………………………..Full Article: Source

Copper traders bullish as hedge funds bet on gains: Commodities

Posted on 30 December 2013 by VRS  |  Email |Print

Copper analysts are the most bullish in three weeks after manufacturing expanded from the U.S. to Europe and hedge funds bet on higher prices for the first time since November.
Fourteen analysts surveyed by Bloomberg News expect prices to gain this week, four are bearish and six neutral. The metal reached a four-month high of $7,415.50 a metric ton on Dec. 27. Hedge funds and other large speculators are holding their biggest bullish bet since February, U.S. Commodity Futures Trading Commission data show………………………………………..Full Article: Source

Commodity funds head for record outflow

Posted on 18 December 2013 by VRS  |  Email |Print

Commodity-linked investment funds are headed for record outflows in 2013, with an $88bn decline in assets under management in the year to November, according to a Barclays report.
Investors have withdrawn a net $36.3bn from commodity funds this year – also a record – as prices fell across the market, from coffee to nickel. The bulk of the sell-off came through gold exchange traded funds (ETFs), as the decade-long bull run for the yellow metal ended, with prices falling 26 per cent this year………………………………………..Full Article: Source

Gold funds slump 31 pct; steepest price drop in 32 years

Posted on 17 December 2013 by VRS  |  Email |Print

Investors are dumping gold-backed exchange traded products at the fastest pace since the securities were created a decade ago, mirroring the steepest price drop in 32 years.
Holdings in the 14 biggest ETPs plunged 31 per cent to 1,813.7 tonnes since the start of January, the first annual decrease since the funds started trading in 2003, data compiled by Bloomberg show. The removals erased $69.5 billion in the value of the assets as prices fell by the most since 1981………………………………………..Full Article: Source

Hedging not all bad for gold miners in 2013

Posted on 17 December 2013 by VRS  |  Email |Print

Despite aggressive downward lurches in the gold price in recent years, gold miners remain reluctant to hedge their gold production.
The majority of new hedge books opened since gold’s nominal peak in 2011 have been imposed by lenders or motivated by tactical cash flow concerns. London-listed Shanta Gold and Australia’s Evolution Mining have both used hedging this year, but only as a ‘last-dollar’ funding technique, used to bring new mines into production, with the majority of their output remaining unhedged………………………………………..Full Article: Source

Hedge funds’ ag sell-down longest in six years

Posted on 17 December 2013 by VRS  |  Email |Print

Hedge funds’ sell-down on agricultural commodities extended to the longest in more than six years as investors position for what many commentators expect to be a bearish 2014 for prices, undermined by inventory rebuilds.
Managed money, a proxy for speculators, reduced its net long position in futures and options in the major 13 US-traded agricultural commodities by 18,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission………………………………………..Full Article: Source

Gold funds see unprecedented 31pct slump as world loses faith

Posted on 16 December 2013 by VRS  |  Email |Print

Investors are dumping gold-backed exchange-traded products at the fastest pace since the securities were created a decade ago, mirroring the steepest price drop in 32 years.
Holdings in the 14 biggest ETPs plunged 31 percent to 1,813.7 metric tons since the start of January, the first annual decrease since the funds started trading in 2003, data compiled by Bloomberg show. The removals erased $69.5 billion in the value of the assets as prices fell by the most since 1981. A further 311 tons will be withdrawn next year, according to the median of 11 analyst estimates compiled by Bloomberg………………………………………..Full Article: Source

Hedge fund gold wagers slump to lowest since 2007: Commodities

Posted on 10 December 2013 by VRS  |  Email |Print

Hedge funds are the least bullish on gold since 2007 as signs of faster U.S. economic growth bolster the case for the Federal Reserve to trim stimulus and cut demand for haven assets.
The net-long position in gold fell 16 percent to 26,774 futures and options in the week ended Dec. 3, the lowest since June 2007, U.S. Commodity Futures Trading Commission data show. Short bets rose 6.2 percent to 79,631, within 0.6 percent of the record reached in July. Net-bullish wagers across 18 U.S.-traded commodities climbed to a four-week high………………………………………..Full Article: Source

Five top-performing commodity funds

Posted on 09 December 2013 by VRS  |  Email |Print

Commodities have faced a miserable run in the last two years. Despite this, certain market players remain hopeful and say there is strong evidence that sentiment is turning in the space.
Neil Gregson, fund manager for the £1 billion JPMorgan Natural Resources fund, explains investors have suffered severely over the last two years in the fund in absolute terms, but relative to its peers and the index benchmark, this negative performance has been exacerbated by the fund’s small-cap bias………………………………………..Full Article: Source

Hedge fund gold wagers slump to lowest since 2007

Posted on 09 December 2013 by VRS  |  Email |Print

Hedge funds are the least bullish on gold since 2007 as signs of faster U.S. economic growth bolster the case for the Federal Reserve to trim stimulus and cut demand for haven assets.
The net-long position in gold fell 16 percent to 26,774 futures and options in the week ended Dec. 3, the lowest since June 2007, U.S. Commodity Futures Trading Commission data show. Short bets rose 6.2 percent to 79,631, within 0.6 percent of the record reached in July………………………………………..Full Article: Source

Hedge funds’ bearish turn on ags sets 2013 record

Posted on 04 December 2013 by VRS  |  Email |Print

Hedge funds’ negative streak on positioning in agricultural commodities extended to its longest this year, fuelled by an increase to a record high in the net short on wheat – a rise which may provoke a buying ahead.
Managed money, a proxy for speculators, cut its net long in futures and options in the top 13 US-traded agricultural commodities by nearly 14,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission, the US regulator………………………………………..Full Article: Source

Hedge fund gold bets less bullish after Paulson holds

Posted on 26 November 2013 by VRS  |  Email |Print

Hedge funds got less bullish on gold, cutting their net-long position to a four-month low, before prices capped the biggest weekly retreat since September. Net holdings in futures and options tumbled 20 percent to 44,291 contracts in the week ended Nov. 19, the lowest since July 9, U.S. Commodity Futures Trading Commission data show.
Short bets rose 16 percent to the highest since Aug. 6 and long wagers slid 2.5 percent. Net-bullish wagers across 18 U.S.- traded commodities fell 12 percent as investors became the most bearish on copper since July and cut their silver holdings by the most in five months………………………………………..Full Article: Source

Funds lukewarm on commodities for 2014

Posted on 25 November 2013 by VRS  |  Email |Print

Leading fund managers have little interest in most commodities next year due to worries about demand in top buyer China and slow global growth, but some are targeting platinum group metals due to supply concerns. Participants at the Reuters Global Investment Outlook Summit were downbeat on gold, expecting prices to extend losses or at best stagnate since inflation is an issue only for the long term.
Investment has been flowing out of commodities funds since the global financial crisis reduced demand, in a reversal of the previous boom years when funds piled into commodities to capture sizzling growth in emerging markets, especially China………………………………………..Full Article: Source

Hedge fund gold bets less bullish as Paulson holds: Commodities

Posted on 25 November 2013 by VRS  |  Email |Print

Hedge funds got less bullish on gold, cutting their net-long position to a four-month low, before prices capped the biggest weekly retreat since September. Net holdings in futures and options tumbled 20 percent to 44,291 contracts in the week ended Nov. 19, the lowest since July 9, U.S. Commodity Futures Trading Commission data show.
Short bets rose 16 percent to the highest since Aug. 6 and long wagers slid 2.5 percent. Net-bullish wagers across 18 U.S.- traded commodities fell 12 percent as investors became the most bearish on copper since July and cut their silver holdings by the most in five months………………………………………..Full Article: Source

Global gold demand fell 21pct in last quarter as investors pulled out of ETFs

Posted on 18 November 2013 by VRS  |  Email |Print

Billionaire hedge fund manager John Paulson, who cut his gold holdings by more than half in the second quarter, maintained his bet on the metal over the next three months as prices rebounded.
Paulson & Co, the largest investor in the SPDR Gold Trust, the biggest exchange-traded product for the metal, held 10.23 million shares as on September 30, unchanged from June 30, according to a government filing on Thursday. Billionaire George Soros took a stake in the Market Vectors Gold Miners ETF………………………………………..Full Article: Source

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