Tue, Sep 1, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Category | Fund Profile more

ETFs poised to outstrip hedge funds

Posted on 08 May 2015 by VRS  |  Email |Print

The high-profile hedge fund world is about to be surpassed in terms of total assets by the unstoppable juggernaut that is the exchange-traded fund (ETF) industry, new research shows. Assets held globally in ETFs reached $2.93trn (£1.9trn) at the end of the first quarter of this year, according to research and consultancy firm ETFGI.
Meanwhile, a report from Hedge Fund Research has revealed there was $2.94trn in hedge funds at the same time. The difference in assets is the closest it has ever been (see top chart) and ETFGI predicts that given the much faster rate of inflows into ETFs seen in recent years, the tracker funds should overtake hedge funds within the second quarter of this year………………………………………..Full Article: Source

Hedge funds are in love with crude oil

Posted on 07 May 2015 by VRS  |  Email |Print

Hedge funds love crude oil. Oil prices are recovering from the crash, and hedge funds have made big bets that oil prices will keep rallying.
According to a report from Societe Generale, hedge funds are most bullish on crude oil among major commodities, or betting that the price of oil will rise. Overall, hedge funds are still negative on commodity prices………………………………………..Full Article: Source

Market U-Turn Rams Hedge Funds

Posted on 06 May 2015 by VRS  |  Email |Print

A broad market reversal is battering hedge funds, spoiling the industry’s strongest annual start since the financial crisis. Many funds that bet on global financial and economic trends run by firms such as Fortress Investment Group LLC and Discovery Capital Management LLC suffered losses in April as they tried to benefit from a constellation of market moves that gained momentum in mid-2014 and were widely expected to continue throughout 2015.
They included rising European bond prices, spurred by the European Central Bank’s bond-buying program, and falling commodity prices as global growth stalled. But several factors upended those bets, beginning in late March and intensifying recently. Several rounds of unexpectedly weak U.S. economic data forced many investors to push back their forecast for when the Federal Reserve may raise interest rates………………………………………..Full Article: Source

Global equity mutual funds, ETFs post $31.8 billion April inflows

Posted on 29 April 2015 by VRS  |  Email |Print

Global equity mutual funds and exchange-traded funds showed $31.8 billion of net inflows in April through Friday, TrimTabs Investment Research said on Tuesday, putting them on track to surpass the record inflow of $34.8 billion in March.
U.S. equity mutual funds and exchange-traded funds have posted net withdrawals of $15.4 billion this month through April 24. “Equity flows shifted into emerging markets recently as investors chased the monster rally in China,” said Winston Chua, analyst at TrimTabs. “Interest in Europe cooled off in recent days, and investors still want nothing to do with the U.S.”……………………………………….Full Article: Source

Can hedge funds turn the tide in 2015?

Posted on 29 April 2015 by VRS  |  Email |Print

According to Preqin, hedge funds have started this year with a bullet. The Preqin All-Strategies Hedge Fund benchmark posted a 2.49% return in February, the highest monthly return since January 2013. The performance is timely given that hedge fund performance was a concern in 2014. The challenge, and opportunity, still remains for hedge funds to continue the uptick in Q1 as equity markets look to be buoyant and commodity markets remain turbulent.
According to the latest HFR Market Microstructure Industry Report, new hedge fund launches were down last year (in numerical terms, down 20 on the 1,060 funds launched in 2013). While launches have trended in a narrow range in recent years, they remain well below the peak of 2,073 funds launched in 2005, though nearly double the local trough of 659 launches in 2008. This is now the third consecutive year of decline, while fund liquidations saw their first drop since 2010………………………………………..Full Article: Source

Hedge Funds Lead Shift In Dollar Sentiment

Posted on 29 April 2015 by VRS  |  Email |Print

Betting that the dollar will keep pushing higher against major currencies has lost its allure. Up until a few weeks ago positioning for a further climb of the dollar against the euro and the yen was the only game in town, but investors and traders’ are scaling back on the trade, according to the latest positioning data from the Commodities Futures Trading Commission, which measures a portion of the market that serves as a good proxy for the whole.
In fact, being long the dollar has been named as the most crowded trade for months in surveys of fund managers by Bank of America Merrill Lynch. But now the trade is losing steam………………………………………..Full Article: Source

Hedge funds betting on more losses for crops as supplies swell

Posted on 28 April 2015 by VRS  |  Email |Print

With planting conditions improving across the U.S. Midwest, hedge funds are betting that harvests this year will compound a global crop surplus and worsen losses for corn, soybean and wheat prices.
Corn seeding is already ahead of last year’s pace, and recent rains that hampered sowing in some areas will give way to drier conditions this week, according to MDA Weather Services. In the Great Plains, winter-wheat conditions are better than they were in 2014. Record crops in Argentina and Brazil are adding to soybean supplies as U.S. farmers are forecast to plant the most acres ever next month………………………………………..Full Article: Source

Hedge funds bet big on oil price rally

Posted on 24 April 2015 by VRS  |  Email |Print

Hedge funds have placed one of their largest ever bets on a rally in oil prices, just as evidence mounts that energy companies are hunkering down for a delayed recovery.
Exchange data show hedge funds and other large speculators have accumulated a record-breaking number of North Sea Brent futures and options contracts equal to almost 265m barrels of oil — the equivalent of almost three days of global oil demand…………………………………..Full Article: Source

Hedge funds record-bearish ag bets ‘may spur’ price support

Posted on 21 April 2015 by VRS  |  Email |Print

Hedge funds’ bearish betting on agricultural commodities soared to the highest on record, led by selling in grains – spurring ideas of price support for some contracts as speculators’ reassess such downbeat positioning. Managed money, a proxy for speculators, lifted its net short position in futures and options in the top 13 US-traded agricultural commodities, from corn to cattle, by more than 78,000 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
The selling took the net short - the extent to which short holdings, which benefit when prices fall, exceed long bets, which profit when values rise – to more than 142,000 contracts, far exceeding the previous record of 102,126 lots set a month ago…………………………………..Full Article: Source

Global-focused funds falter amid slump in commodities

Posted on 20 April 2015 by VRS  |  Email |Print

The downturn in the international commodities markets has hit select global funds investing in themes such as mining, commodities, gold and Latin America.Most of these products, launched in the past five to six years, have performed poorly in terms of their NAV (net asset value) growth, which was in the range of 2-28 per cent in the past 12 months, data collated by ICICIdirect show.
While the themes may have commodities in their names, the funds actually invest in shares of companies linked with a dominant theme. For example, the gold funds actually invest their money in firms whose primary economic activity is gold mining……………………………………Full Article: Source

Oil Bulls Boost Wagers by Most Since 2010 as Output Seen Peaking

Posted on 14 April 2015 by VRS  |  Email |Print

Speculators increased bullish oil bets by the most in more than four years, wagering that the U.S. production boom is slowing. Hedge funds boosted net-long positions on West Texas Intermediate crude by 30 percent in the seven days ended April 7, the biggest jump since October 2010, U.S. Commodity Futures Trading Commission data show.
Long bets rose to a nine-month high, while shorts tumbled 21 percent. U.S. crude output and inventories may peak this month amid a record drop in rigs exploring for oil, Goldman Sachs Group said………………………………………..Full Article: Source

Gold Income Funds Can Have You Investing Like Warren Buffett

Posted on 14 April 2015 by VRS  |  Email |Print

Warren Buffett thinks every investor should own a little bit of gold. Yet, while on CNBC recently for an hour-long segment, the legendary investor also said that he prefers “investments” versus “speculative trades.” That is, he prefers to hold investments that earn money and generate income rather than ones that are hoped to go up in value.
Obviously that means Buffett prefers equities of companies that generate income for shareholders; commodities, like gold, of course do not generate income. Buying a commodity in the hopes that someone will pay you more for it later is purely speculative, and not as much within the Buffett playbook. ……………………………………….Full Article: Source

Funds and ETFs to Play the Chinese Market

Posted on 10 April 2015 by VRS  |  Email |Print

Investors looking to get into surging Chinese stocks can pick from a wide variety of mutual funds and exchange-traded funds that focus on varying stock exchanges and types of stocks in the region.
In years past, most China-focused mutual funds in the U.S. invested primarily in shares listed in Hong Kong and Taiwan—including Hong Kong-listed “H shares” of mainland-China companies—and also in stocks of other companies that do a lot of business in China. A newer development is exchange-traded funds that invest in mainland-listed “A shares” of Chinese companies (which may also have shares traded in Hong Kong)………………………………………..Full Article: Source

Hedge funds gain 2.4% in Q1 driven by currency and commodity markets

Posted on 10 April 2015 by VRS  |  Email |Print

Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-based relative value arbitrage strategies, data provider Hedge Fund Research said.
The HFRI Fund Weighted Composite Index gained 0.5% in March and 2.4% in Q1, completing the strongest quarter of outperformance relative to S&P 500 since the third quarter in 2011. “Hedge funds posted the highest quarterly performance since 2013 in Q1, navigating dislocations in currency and commodity markets, benefitting specifically from trend following macro exposures as financial markets discounted the end to U.S. quantitative easing, as well as the inception of ECB stimulus measures,” stated Kenneth J. Heinz, president of HFR………………………………………..Full Article: Source

Hedge funds end Q1 on a strong note, up 3.2%

Posted on 08 April 2015 by VRS  |  Email |Print

The first quarter’s market conditions have been supportive of hedge fund performance, posting solid gains while the S&P 500 index is down year-to-date. Looking back at the quarter, there are many positive points worth highlighting, following a lacklustre 2014. Once again monetary policies took the front seat, driving hedge fund returns:
Equity-focused strategies and CTA funds have benefited from the large impact of European and Japanese QEs, as well as the Fed’s patience. European L/S Equity funds, while cautious, managed to limit volatility and catch the rally. Systems, mainly trend-followers, are still gaining from the “central bank” play, and generating gains on long equity and bond positioning………………………………………..Full Article: Source

Commodity Funds Continue To Struggle

Posted on 02 April 2015 by VRS  |  Email |Print

The price of a bushel of corn for May delivery tumbled during the last day of the quarter by almost 5 percent to $3.756. The move was caused by the corn supply in the Unites States coming in much higher than expected, even after the government pegged its inventory in June at its highest level in 28 years.
The 7.75 billion bushels’ stockpile, as of March 1, is 11 percent higher than a year ago, according to the U.S. Department of Agriculture. The reading outpaced economists’ estimates of an 8.6 percent increase and is the highest on record at this date since 1987………………………………………..Full Article: Source

Hedge funds reduce bearish stance on ags - a little

Posted on 31 March 2015 by VRS  |  Email |Print

Hedge funds reduced, a little, their bearish bets on agricultural commodities, but remained unusually downbeat on price prospects, particularly for the likes of sugar and arabica coffee. Managed money, a proxy for speculators, cut its net short position in futures and options in the top 13 US-traded agricultural commodities, from cotton to cattle, by nearly 24,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator.
It was only the second week of 2015 in which hedge funds’ bets on rising crop prices had exceeded those on price falls. Nonetheless, hedge funds remained, overall, net short - meaning that short bets, which benefit when prices fall, exceeded long positions, which profit when values rise………………………………………..Full Article: Source

Once-bullish fund managers start to capitulate on oil prices

Posted on 30 March 2015 by VRS  |  Email |Print

Last fall, when the price of oil started dropping, fund manager Craig Hodges figured crude would rebound in 2015 and began buying shares of companies he thought would be unfairly hit, including construction company Primoris Services Corp and Eagle Materials Inc, which produces sand used in fracked wells.
Hodges, who runs the $2.1 billion Hodges Small Cap fund, is now starting to concede that oil prices will stay low for as long as a year or more because of a global glut. Even the air strikes Thursday in Yemen by Saudi Arabia and its Gulf Arab allies, which prompted a one-day 5 percent boost to the price of oil, presented “a traders move” and doesn’t signal a sustained move up, Hodges said. Oil fell 6 percent today to about $48 a barrel………………………………………..Full Article: Source

Hedge funds bet gold gain to fizzle

Posted on 30 March 2015 by VRS  |  Email |Print

Hedge funds are betting that gold’s recent rally won’t last and are holding the biggest wager ever that prices will decline. The net-long position in gold dropped by 9.9 per cent to 31,653 futures and options in the week ended March 24, according to U.S. Commodity Futures Trading Commission data published three days later.
That was the lowest since Dec 2013. Short holdings rose for a seventh straight week to 84,022 contracts, the highest since the data begins in 2006. Even as futures climbed for two straight weeks, some investors have shied away from the metal. Global holdings in exchange-traded products backed by bullion declined every week in March………………………………………..Full Article: Source

The World Bank’s Carbon Fund: Undermining indigenous rights or saving the planet?

Posted on 30 March 2015 by VRS  |  Email |Print

The World Bank’s emerging Carbon Fund, which provides payments to participating countries that are taking measures to reduce deforestation and carbon emissions, is under scrutiny from civil society leaders and indigenous rights groups, citing its insufficient safeguards to uphold land rights of local and indigenous peoples.
But as industry insiders told Devex, in order to develop a market for carbon that incentivizes the maintenance of forests and achieves results in the face of looming climate change, the World Bank and Carbon Fund donors may need to look beyond a cookie-cutter approach to land rights and remain open to to the political contexts and policies of participating Carbon Fund countries………………………………………..Full Article: Source

New hedge funds net most cash since 2004

Posted on 26 March 2015 by VRS  |  Email |Print

Hungry for returns, investors are giving more new hedge funds a test drive. Funds based in the Americas that launched in 2014 pulled in $34.1 billion, the highest annual total since $39.5 billion was raised in 2004, according to new research from industry news and data provider Absolute Return. The money was spread out over 84 new funds running at least $50 million, the largest total since 86 of the same minimum size were formed in 2006.
The largest fresh fund offerings came from a mix of new and old firms. The largest was the Two Sigma Absolute Return Macro Master Fund from leading quantitative investor Two Sigma. The vehicle raised a whopping $3.3 billion as of Jan. 1………………………………………..Full Article: Source

Ag prices ‘may rebound’, after hedge funds turn most bearish ever

Posted on 24 March 2015 by VRS  |  Email |Print

Agricultural commodity futures may be poised for a wave of support from covering of short bets, after a selldown by hedge funds left them, by a distance, with their most bearish ever positioning. Managed money, a proxy for speculators, dropped long positions on agricultural commodities by more than 40,000 lots in the week to last Tuesday, while hiking short bets – which profit when prices fall - by some 110,000 contracts, regulatory data show.
The resulting swing net short in positioning by 151,826 contracts was the largest in nearly two years. And it drove the overall position into a net short – the extent to which short holdings exceed long ones - of 102,126 lots, by far the biggest on Commodity Futures Trading Commission data going back to 2006………………………………………..Full Article: Source

Hedge funds get short of US oil as storage fills

Posted on 24 March 2015 by VRS  |  Email |Print

Hedge funds have turned super-bearish about US oil prices as concerns about running out of storage trump the drop in the number of rigs drilling new wells. Money managers had amassed a record number of short positions in futures and options contracts linked to WTI (West Texas Intermediate) by the end of March 17, equivalent to 209 million barrels of oil, according to the US Commodity Futures Trading Commission’s (CFTC) latest commitments of traders report published on Friday.
Money managers still have long positions equivalent to 381 million barrels, so overall the sector is still running a net long position. Hedge fund managers have a natural bullish bias. Not once have hedge funds as a whole been net short of WTI futures and options in the last nine years………………………………………..Full Article: Source

Currency hedging takes on new importance for global stock funds

Posted on 23 March 2015 by VRS  |  Email |Print

As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. He now has 60 percent of his portfolio invested in companies in the euro zone, the largest stake among any global fund tracked by Lipper.
The gains in those stocks wouldn’t matter if the fund wasn’t actively hedging against euro weakness, which it is, helping the fund rise 8.8 percent so far in 2015, putting it among the top-performing global stock funds this year. “We’re stockpickers, and by hedging currencies we can be pure stockpickers without the currency risk,” said Marcus………………………………………..Full Article: Source

Fund Selector: Should you dig gold?

Posted on 19 March 2015 by VRS  |  Email |Print

In the past, there have been periods when the correlation between gold bullion and the gold equity market has been high. Yet, at the turn of the decade, correlation of sorts fell away quite remarkably.
The price of physical gold continued to perform robustly for a period before softening, while gold-related equity prices came under significant pressure much earlier and tailed away rapidly, dragging the gold-mining index back to levels last seen at the turn of the century when bullion was $350 an ounce. Gold is often perceived as an inflation hedge, which perversely is the environment in which gold equities struggle………………………………………..Full Article: Source

Europe’s quantitative easing pushes hedge funds up 2.25% in February

Posted on 19 March 2015 by VRS  |  Email |Print

The European Central Bank’s extension of aid to Greece and its new EUR 1.1tln stimulus package rallied European equity markets, that helped pushed hedge funds to gain 2.2% last month, said data provider BarclayHedge. It added that the quantitative easing also calmed down deflation fears on rising prices for oil and other commodities.
The Barclay Hedge Fund Index was up 2.14% year-to-date. “Risk factors were largely out of the limelight in February,” says Sol Waksman, founder and president of BarclayHedge. All but one of Barclay’s 18 hedge fund indices had gains in February. The Healthcare & Biotechnology Index jumped 4.49%, equity long bias was up 4.02%, the Event Driven Index gained 3.57%, Pacific Rim Equities rose 2.81%, Distressed Securities added 2.18%, and European equities were up 2.09%………………………………………..Full Article: Source

Preqin: Hedge funds turn the tide on poor 2014 performance

Posted on 18 March 2015 by VRS  |  Email |Print

Hedge fund managers have got off to a strong start in 2015. Following a year which saw the average hedge fund deliver returns of 3.78%, managers have already returned 2.52% on average two months into the year. Given that performance was named as the key concern in the industry in 2015 by investors in a Preqin survey at the end of 2014, managers will have been keen to deliver strong performance early in the year. The challenge, and opportunity, still remains for hedge funds to continue this performance, particularly amidst strong equity markets and turbulent commodity markets.
Other Key Hedge Fund Performance Stats: Equity Strategies Leading the Pack: All main hedge fund strategies generated positive returns in February 2015, with equity strategies posting the highest monthly return of 3.28%. . Oil Prices Causing Problems: The reversal in falling oil prices led to CTAs generating their lowest monthly return since October 2014, and only just hung on to positive performance with average returns of 0.20%. (Press Release)

Hedge Fund Seeks Zinc, Copper Assets After Finnish Mine Deal

Posted on 17 March 2015 by VRS  |  Email |Print

Audley Capital Advisors is seeking to add to its metals resources after buying Talvivaara Mining Co.’s nickel operation in Finland, according to the former Anglo American Plc executive heading the hedge fund’s mining business.
“I came to Audley with a view to be able to go in and operate some assets,” John MacKenzie, who led copper and zinc operations at Anglo before joining the fund in 2013 as chief executive officer of mining, said in an interview. “Audley Capital is constantly on the lookout for mining opportunities,” including nickel, zinc, copper and metallurgical coal, he said………………………………………..Full Article: Source

Hedge funds cut bullish bets on ags to second lowest on record

Posted on 17 March 2015 by VRS  |  Email |Print

Hedge funds cut their bets on rising agricultural commodity prices to the second lowest on record, thanks to more bearish takes on grains and soybeans, and a record net short position in sugar.
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 84,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator. The reduction took the overall net long to 49,700 contracts, the second lowest on data going back to 2006………………………………………..Full Article: Source

Hedge Funds Exit Gold at Fastest Pace in 18 Weeks on Fed Outlook

Posted on 16 March 2015 by VRS  |  Email |Print

Hedge funds exited gold at the fastest pace in more than four months on mounting speculation the Federal Reserve is getting closer to raising U.S. interest rates that have been near zero since 2008.
Money managers cut their net-long wagers for a sixth week, U.S. government data show. Investors sold 18.9 metric tons of bullion held through exchange-traded products last week, the biggest reduction since November………………………………………..Full Article: Source

Hedge funds see second consecutive month of gains, up 1.59% (est.) in February, 2.41% YTD

Posted on 12 March 2015 by VRS  |  Email |Print

Hedge funds extended their gains in the second month of 2015, with the Eurekahedge Hedge Fund Index up 1.59% in February, trailing the MSCI World Index which ended the month with a strong finish, gaining 5.47%. All regional and strategic mandates ended the month in positive territory with managers focused on developed markets posting the strongest returns.
Investor allocation activity saw an uptick in February as hedge funds recorded inflows of US$6.8 billion during the month. Distressed debt funds delivered the best performance among all strategic mandates, up 3.03% in February as their bets on distressed oil and gas producers paid off. India focused managers were down 0.51% during the month - their first month of negative returns after a 12 month winning streak………………………………………..Full Article: Source

Funds: What’s hot, what’s not

Posted on 12 March 2015 by VRS  |  Email |Print

February’s top-performing fund categories have turned sour in March as the market continues to weigh earnings, Europe and interest rates. Funds that use futures and options to goose returns in commodities soared 9.8% in February, but those funds change direction faster than a weather vane in a tornado.
From the end of February through March 9, leveraged commodity funds lost 8.3%, according to Morningstar, the Chicago fund trackers. Similarly, funds that leverage stock returns gained 9.4% in February, but have given back 3.3% in March………………………………………..Full Article: Source

Hedge funds cut bullish commodity bets to 6-year low

Posted on 10 March 2015 by VRS  |  Email |Print

Large scale speculators in gold futures added massively to short positions – bets that prices will fall – ahead of Friday’s jobs report in the US which sent gold prices tumbling. On Monday the gold price regained some of its footing, but is still trading at the lowest since November after retreating more than $140 an ounce from its 2015 high above $1,300 hit in January.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery – the most active contract – was last trading at $1,166.40 an ounce, up $2.10 or 0.2% from Friday’s close………………………………………..Full Article: Source

Hedge funds cut bullish ag bets at fastest pace in 20 months

Posted on 10 March 2015 by VRS  |  Email |Print

Hedge fund optimism in agricultural commodity prices, as measured by positioning in derivatives, plunged at its fastest rate in 20 months, led by a surge in pessimism over values of wheat and sugar, in which bearish bets hit a record high.
Managed money, a proxy for speculators, slashed by nearly 130,000 contracts its net long position in futures and options in the main 13 US-traded agricultural commodities in the week to last Tuesday, according to data from the Commodity Futures Trading Commission (CFTC) regulator………………………………………..Full Article: Source

Rated Funds 2015: Commodities

Posted on 06 March 2015 by VRS  |  Email |Print

Commodities have been a disappointing asset class to invest in over the past three years but our four Rated Funds in this group are managed by respected specialists in their field. We have sought to provide “best in class” ideas for investors interested in agricultural commodities, energy, industrial commodities and precious metals.
Like other more specialised asset groups, such funds can provide good diversification and the potential for handsome gains in a portfolio that is already well-represented by traditional asset classes such as equities and bonds………………………………………..Full Article: Source

Specialty funds let you play with the pros in commodities sandbox

Posted on 05 March 2015 by VRS  |  Email |Print

As the Crimean crisis raged last summer, Tyler Mordy and his colleagues at Hahn Investment Stewards made a tactical call in the commodities market. Believing that Russia’s aggression would stoke a major political crisis, they invested in palladium, a silvery-white metal essential in the production of catalytic converters, fuel cells and countless types of electronics.
Russia is the largest source of palladium, and investors speculated about supply disruptions and dwindling stockpiles, sending prices skyward. “Palladium took off like a scalded cat. It worked out incredibly well for us last year,” recalls Mr. Mordy, who is director of research and co-chief investment officer at the Toronto-based firm………………………………………..Full Article: Source

Investing in Alternative Mutual Funds and ETFs

Posted on 03 March 2015 by VRS  |  Email |Print

Alternative investments are gaining popularity, especially those offered in a liquid format by mutual fund and exchange-traded fund (ETF) providers. Mutual fund companies can’t develop new alternative products fast enough to offer to financial advisors or directly to individual investors.
In the past alternatives were offered primarily in investment products like hedge funds with requirements that investors be accredited, meaning they meet minimum income and net worth conditions. In the wake of the turbulence in the financial markets during the 2008-2009 financial crisis they are increasingly being packaged in more liquid and accessible formats………………………………………..Full Article: Source

Hedge funds expect to top $3 trillion in 2015: Deutsche Bank

Posted on 03 March 2015 by VRS  |  Email |Print

Despite producing an average return of 3.3 percent last year, the hedge fund industry is on track to surpass $3 trillion in assets this year, according to a new survey by Deutsche Bank.
“We have seen a doubling in assets under management since 2008,” said Barry Bausano, president of Deutsche Bank Securities and co-head of global prime finance for Deutsche Bank. “That’s despite what’s been pretty pedestrian performance.”……………………………………….Full Article: Source

Hedge funds resume bearish swing in ag bets

Posted on 03 March 2015 by VRS  |  Email |Print

Hedge funds, after a one-week break, resumed their bearish trend of positioning on agricultural commodities, with grains and sugar taking the brunt of the selling. Managed money, a proxy for speculators, cut by more than 30,000 contracts its net long position in futures and options in the main 13 US-traded agricultural commodities in the week to last Tuesday, according to data from the Commodity Futures Trading Commission (CFTC) regulator.
It was the seventh time in eight weeks that hedge funds have cut their net long position – the extent to which long bets, which profit when values rise, exceed short holdings, which benefit when values fall………………………………………..Full Article: Source

Hedge Funds Flee Coffee at Fastest Pace in a Year: Commodities

Posted on 02 March 2015 by VRS  |  Email |Print

It’s raining in Brazil, and the coffee bulls are running for cover. Downpours in the past month mean moisture levels are adequate in most growing areas, replenishing soil left parched by a drought in 2014, according to MDA Weather Services. The rains in the top coffee producer and exporter spurred hedge funds to cut their bullish wagers by the most in a year.
Coffee swung from a bear market to a bull market and back again over the past year, making it the most volatile component of the Bloomberg Commodity Index. After 2014’s dry spell caused prices to double, futures retreated for a sixth consecutive month in February. Global stockpiles at the end of September will be 14 percent higher than previously estimated, the U.S. government said in its most recent outlook………………………………………..Full Article: Source

Hedge Fund Returns Falter, Yet Money Continues to Flow In

Posted on 27 February 2015 by VRS  |  Email |Print

Another year, and another mediocre performance by hedge funds, to put it kindly. The Barclay Hedge Fund Index gained a meager 2.89 percent in 2014, while the Standard & Poor’s 500-stock index gained over 13 percent and the Barclays United States Aggregate Bond Index rose over 5 percent.
Even as their high fees have minted scores of new billionaires, hedge funds have now substantially underperformed a simple blend of index funds — 60 percent stocks and 40 percent bonds — for three-, five- and 10-year periods. And the 10-year numbers cover the period of the financial crisis and the sharp decline in stocks — the very calamity that hedge funds are supposed to protect against………………………………………..Full Article: Source

Hedge funds raise bearish gold price bets by 44%

Posted on 25 February 2015 by VRS  |  Email |Print

Large scale speculators in gold futures added massively to short positions – bets that prices will fall – ahead of Greek bailout deal. On Monday the gold price fell sharply at the open as markets continued to digest the implications of the Greek debt deal reached on Friday, but soon recovered to hover around $1,200 for most of the day.
In thin volumes on the Comex division of the New York Mercantile Exchange, gold futures for April delivery – the most active contract – ended the day at $1,201.30 an ounce, down $3.60 or 0.3% from Friday’s close after earlier slumping to near its lowest for the year at $1,190.85………………………………………..Full Article: Source

Gold Fever Fading as $4 Billion Erased From Funds: Commodities

Posted on 24 February 2015 by VRS  |  Email |Print

Judging by the barometer of hedge-fund interest, there’s less to get excited about in gold these days. Even as Greece battled with its creditors to avoid default and keep the euro zone intact, speculators retreated from the metal used as a haven from economic and political upheaval. Money managers cut their net-long wagers by the most in 15 weeks, U.S. government data show.
The strengthening dollar and record valuations for global equities are diminishing bullion’s appeal as a store of wealth. As the combined market capitalization of stocks thundered through $67 trillion last week and the dollar traded at its highest level in at least a decade, this month’s losses in exchange-traded products backed by gold reached almost $4 billion………………………………………..Full Article: Source

Gold falls back out of favour as hedge funds retreat: Commodities

Posted on 17 February 2015 by VRS  |  Email |Print

Gold is falling back out of favor with investors. Hedge funds cut their net-bullish position in New York futures and options by the most since November, U.S. government data show. A stronger dollar and gains for equities are cutting gold’s appeal as an alternative asset. Prices in New York fell for three straight weeks, snapping a surprise January gain that was the biggest monthly advance since 2012.
The global growth concerns that pushed gold higher last month are starting to subside as tension eases between Greece and its euro-area creditors. Europe’s economy picked up momentum at the end of last year, data showed Friday. The World Gold Council estimates demand for the metal reached a five-year low in 2014 as Chinese purchases slowed………………………………………..Full Article: Source

Gold Falls Back Out of Favor as Hedge Funds Retreat: Commodities

Posted on 16 February 2015 by VRS  |  Email |Print

Gold is falling back out of favor with investors. Hedge funds cut their net-bullish position in New York futures and options by the most since November, U.S. government data show. A stronger dollar and gains for equities are cutting gold’s appeal as an alternative asset. Prices in New York fell for three straight weeks, snapping a surprise January gain that was the biggest monthly advance since 2012.
The global growth concerns that pushed gold higher last month are starting to subside as tension eases between Greece and its euro-area creditors. Europe’s economy picked up momentum at the end of last year, data showed Friday. The World Gold Council estimates demand for the metal reached a five-year low in 2014 as Chinese purchases slowed………………………………………..Full Article: Source

Fund Selector: Consistent outperformance

Posted on 13 February 2015 by VRS  |  Email |Print

The performance of managers in the Investment Association UK All Companies sector relative to the FTSE 100 index since 1996 has borne a close relationship to the performance of the FTSE 250 index versus the FTSE 100.
Indeed, in all but three of the 19 years the sector only outperforms the FTSE 100 when the FTSE 250 does. Last year was one of the three years when this relationship failed – 1996 and 2005 were the others – with the sector returning 0.6 per cent, while the FTSE 100 and the FTSE 250 delivered 0.7 per cent and 3.7 per cent respectively………………………………………..Full Article: Source

Currency hedge funds are making huge comeback

Posted on 13 February 2015 by VRS  |  Email |Print

Hedge funds that bet on currencies are reaping the rewards for the beginning of 2015. According to the Wall Street Journal, currency hedge funds gained 3.4% in January, compared to a 0.5% gain in stock-trading hedge funds and a 0.9% decline in emerging market funds. Their performance this January is the best start to the year since 2008, and for some even longer.
This is a big renewal in currency trading at hedge funds, which diminished greatly after the 2008 financial crisis. But with activity in currencies picking up in the last year, currency trades and profits are finally starting to pick up………………………………………..Full Article: Source

Dallas-based Boardcage Capital launches strategy focused on basic materials, mining and metals, and hires COO

Posted on 12 February 2015 by VRS  |  Email |Print

Boardage Capital Management, LLC, announced the launch of its strategy focused on basic materials, mining and metals. Dallas-based Boardage seeded the investment approach with internal capital in October 2013. As part of the firm’s growth, Boardage also announced the addition of Collin Schuhmacher to the team as Partner. Schuhmacher will be responsible for heading Boardage’s business development, operations and compliance as Chief Operating Officer.
Founder Kevin Nicholson employs a top-down approach to identifying opportunities and investment themes within the basic materials sector. Bottom-up fundamental research subsequently identifies equities most impacted by these themes………………………………………..Full Article: Source

Grain Bulls Exit at Fastest Pace Since 2013 on Glut: Commodities

Posted on 09 February 2015 by VRS  |  Email |Print

Hedge funds cut bullish wagers on agricultural commodities at the fastest pace since August 2013 as expanding grain supplies help keep a lid on global food inflation. Money managers lowered their net-long position on crops from corn to sugar for a fifth straight week, U.S. government data show. Investors got more bearish on wheat and have the smallest wager on a coffee rally in a year.
The U.S. government will probably increase its forecasts for global corn and wheat inventories in a report Tuesday, analysts surveyed by Bloomberg News said. World grain production in the season that began July 1 will rise to the biggest ever, the United Nations’ Food & Agriculture Organization said Feb. 5. The agency’s measure of food prices fell in January to the lowest level since 2010………………………………………..Full Article: Source

Hedge Funds Most Bearish on Crude in 4 Years After Rally: Energy

Posted on 09 February 2015 by VRS  |  Email |Print

Hedge funds raised bearish bets on oil to the highest in more than four years, a sign they’re skeptical that a two-week 14 percent rally will last. Short bets on West Texas Intermediate climbed 1.2 percent in the week ended Feb. 3 to the most since August 2010, U.S. Commodity Futures Trading Commission data show.
Net-long positions slipped for a third week, the longest stretch of declines since August. Prices jumped during the report week as a shrinking number of U.S. rigs drilling for crude raised speculation that output would soon retreat from a three-decade high………………………………………..Full Article: Source

banner
September 2015
S M T W T F S
« Aug    
 12345
6789101112
13141516171819
20212223242526
27282930