Today's Exclusives

• Opalesque Exclusive: BlueMountain Summit Opportunities Fund II closes on $1bn [more]

  Bailey McCann, Opalesque New York: New York-based BlueMountain Capital Management, a hedge fund with $20 billion in assets under management has reached a first close on its BlueMountain Summit Opportunities Fund II at $1 billion. The fund will focus on opportunistic investments across several ass

• Opalesque Radio: ING favours global equities, listed real estate for 2015 [more]

  Benedicte Gravrand, Opalesque Geneva: ING’s base case scenario for 2015 is that the global economy will experience a more sustainable growth than in recent years, Valentijn van Nieuwenhuijzen told Sona Blessing in a recent

• FX hedge funds gain 3.65% in 2014 on strong U.S. dollar [more]

  Komfie Manalo, Opalesque Asia: The strong U.S. dollar and the continued downward spiral of oil prices helped push FX hedge funds to gain 3.65% in 2014, said Parker Global Strategies. The Parker FX Index reported a +0.67% return for the month of D

• Update: Hedge fund manager Francisco Illarramendi sentenced to 13 years in prison [more]

  Komfie Manalo, Opalesque Asia: A U.S. court on Thursday sentenced convicted hedge fund manager Francisco Illarramendi, 45, to 13 years in prison for running an elaborate Ponzi scheme in Connecticut that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, reports

• Endowments average 15.5% return in FY2014 [more]

  Bailey McCann, Opalesque New York: Educational endowments, some of the leading investors in alternatives, averaged 15.5% return for FY2014, according to the latest NACUBO-Commonfund Study of Endowments. This is an increase over FY2013, which saw 11.7%. In total, the study looks at 832 institution

• New York Hedge Fund Roundtable survey: fall in oil prices presents opportunities [more]

  Opalesque Industry Update - Members of The New York Hedge Fund Roundtable, a non-profit industry organization committed to promoting ethics and best practices in the alternative investment industry, believe falling oil prices will present opportunities for hedge funds and expect 2015 will be a posi

• DMS Offshore appoints former Goldman Sachs exec as Director [more]

  Opalesque Industry Update - DMS Offshore Investment Services (DMS), the world's largest fund governance firm, has appointed Westley Chapman as a Director. Mr. Chapman will serve on the boards of investment funds, providing independent oversight on governance and compliance matters.

Today's Other Voices

• Other Voices: Why you should not follow Paul Singer on Informatica investment [more]

  This article was authored by Alex Gavrish, founder and CEO of Etalon Investment Research, and author of "Wall Street Back To Basics." Elliott Associate discloses Informatica stake On January 26th, 2014, an activist hedge fu

More Exclusives

• 29. Jan. | Opalesque TV: How Australian long/short manager Morphic got seed investment from Ascalon [more]

  Benedicte Gravrand, Opalesque Geneva for New Managers: In August 2014, Ascalon Capital Managers acquired a 35% minority stake in Sydney-based Morphic Asset Management

• 28. Jan. | Opalesque Roundtable: Long-only beta provides opportunity for South African managers [more]

  Bailey McCann, Opalesque New York: Long-only beta plays can still provide some opportunity for managers according to delegates at the recent Opalesque South Africa Roundtable. This opportunity is just one of many

• 27. Jan. | Opalesque Roundtable: Delegates call for review of derivatives tax treatment in South Africa [more]

  Bailey McCann, Opalesque New York: The tax treatment of derivatives can have a profound impact on business decisions for fund managers in South Africa, according to the delegates at the recent Opalesque South Africa

• 26. Jan. | Opalesque Roundup: Markets brace for more losses at financial firms from SNB move: hedge fund news, week 04 [more]

  In the week ending 23 January, 2015, in the ongoing Swiss franc saga, Marko Dimitrijevic said he was closing his largest hedge fund, the Everest Global Fu

• 26. Jan. | Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund [more]

  Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

• 22. Jan. | Opalesque Exclusive: CMBS expert Warren Ashenmil launches his own hedge fund [more]

  Benedicte Gravrand, Opalesque Geneva for New Managers: Warren Ashenmil, who was responsible for the commercial real estate portfolio at hedge fund Tricadia Capital, including CMBS and direct CRE debt and equity inve

• 21. Jan. | Opalesque Roundtable: High net worth individuals key driver for small and new South African funds going forward [more]

  Benedicte Gravrand, Opalesque Geneva for New Managers: Small and new fund managers are struggling to survive in South Africa just as much as they are in other parts of the world. But according to some of the parti

• 21. Jan. | Opalesque Exclusive: Qbasis iTrend ends the year up +41.8% [more]

  Bailey McCann, Opalesque New York: Austria-based Qbasis Invest, a managed futures fund focused on trend following and an intraday strategy, ended the year in positive territory up +41.8%. Its Deutsche Bank certificate finished the year up +65.5%. While its futures programs ended the year on a

• 20. Jan. | Opalesque Exclusive: CTAs to post moderate gains on SNB decision to scrap Swiss franc cap [more]

  Komfie Manalo, Opalesque Asia: The Swiss National Bank’s (SNB) decision to scrap the cap on the Swiss franc (CHF) triggered a sharp movement on both local FX and equity markets. The unexpected decision brings the currency not far from the level where it stood when the SNB implemented the cap i

• 19. Jan. | Opalesque Roundup: Hedge funds ponder how to open up and communicate with public: hedge fund news, week 03 [more]

  In the week ending 03 January, 2015, a study found that quite a hedge funds are beginning to think about and execute communication strategies. Irwin Latner told Opalesque

• 16. Jan. | Opalesque Roundtable: Did Europe miss the Japan lesson? [more]

  Bailey McCann, Opalesque New York: Europe's recent downturn could be the result of failing to understand the lessons already afforded by Japan's lost decades, according to delegates at the recent Opalesque Japan Ro

• 16. Jan. | Opalesque Roundtable: More hedge fund start-up candidates in Japan thanks to Abenomics [more]

  Benedicte Gravrand, Opalesque Geneva for New Managers: The climate for Japan-focused hedge funds is easier now, with more opportunities from a changed political environment, a stimulated financial market and new reg

• 15. Jan. | Opalesque Exclusive: Hedge fund advertising demystified (Part 2) [more]

  Benedicte Gravrand, Opalesque Geneva: This is the second and last part of our interview with Irwin Latner, of law firm Pepper Hamilton LLP. Part 1 is about the areas of confusion with

• 14. Jan. | Opalesque Exclusive: Hedge fund advertising demystified (Part 1) [more]

  Benedicte Gravrand, Opalesque Geneva: A recent Peppercomm study on the changing hedge funds communications landscape

More Other Voices

• 05. Dec. 2014 | Other Voices: The growing problem with performance fees [more]

  This white paper was authored by FundCalcs, an independent software provider based in Dublin, and Global Perspectives, an Irish consulting and research firm. It examines the trends si

• 04. Dec. 2014 | Other Voices: The evolving role of portfolio management, key trends and technology solutions for alternatives [more]

  This article was authored by AlternativeSoft, a provider in asset selection, portfolio construction and fund reporting software based in the UK and Switzerland, and Global Perspectiv

• 03. Dec. 2014 | Other Voices: Want to get a piece of the Swiss pension funds’ assets? [more]

  This article was authored by Gabriel Kurland, managing director at Montfort Funds, a FINMA licensed representative for foreign funds in Switzerland. Want to get your piece of the € 571 billion Swiss pension funds’ assets? Sho

• 02. Dec. 2014 | Other Voices: What Will happen to the Hedge Fund Industry if we Experience a 2008 Type Market Decline? [more]

  Donald A. Steinbrugge, CFA – Managing Partner, Agecroft Partners With interest rates and credit spreads near historic lows and equity valuation above historical averages, many people are concerned that the Federal Reserve, by artificially keeping rates low, has created a 2007 type asset bubble i

• 27. Nov. 2014 | Other Voices: Time diversification is a myth [more]

  Research report by Alexander Ineichen of Ineichen Research & Management and Virtus Investment Partners. You can read the full report here. Alternative investments are still not full

• 20. Nov. 2014 | Other Voices: The key to transforming the fund manager/prime broker relationship [more]

  This paper was authored by Sudhanshu Bahadur, Valcony Sun, and Vishal Bakshi of Sapient Global Markets. You can down

• 14. Nov. 2014 | Other Voices: Hedge fund tales - or what is wrong with merger arbitrage [more]

  This article was authored by Alex Gavrish, founder and CEO of Etalon Investment Research, and author of "Wall Street Back To Basics." Hedge funds lose after Shire plc deal is cancelled On October 20th, 2014, AbbVi

• 13. Nov. 2014 | Other Voices: Five things every fund manager should know about tax planning [more]

  This article was authored by William M. Funk, Principal of the Law Office of William M. Funk, New York. As hedge fund or other alternative investment managers know, in any offering document, the tax considerations are placed near

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NYMEX - CRUDE OIL (Nov) – Weekly (DEC)

Intermediate Term Trend: Negative
Friday's Close: $75.13 (- $.59 cents)
UPDATE: It has been an extremely long time since the chart has depicted such a large spread between the weekly Moving Average Line and current price action.
Certainly, this market can trade lower, but for the last two weeks we cautioned; traders need to be careful on selling into a current vacuum. Last week's price action was more than two dollars higher than the week before. Hardly a rally, but it's possibly the start of some stabilization in the price.