Today's Exclusives

• Opalesque Roundtable: German hedge funds, investors grapple with defining ESG standards [more]

  Bailey McCann, Opalesque New York: As Europe increases its focus on ESG investment strategies, fund managers in Germany are thinking through how to make their growing alternatives industry more sustainable. Delegates at the recent Opalesque Germany Roundtable note that creating strategies with ES

• Alternative UCITS funds faced rough weather in October [more]

  Laxman Pai, Opalesque Asia: Alternative UCITS funds suffered during October's market correction with almost every strategy index showing a negative performance on average, according to LuxHedge's latest market overview. The LuxHedge Global Alternative UCITS Index posted a loss of -1.67%, bring

Today's Other Voices

• Other Voices: Alternative data could pose risks for fund managers [more]

  By: Joshua M Newville and Jeffrey Neuburger, Proskauer The WSJ recently published an article detailing how companies are monetizing smartphone location data by s

More Exclusives

• 19. Nov. | Opalesque Roundup: Hedge funds 'Unfriend' Facebook: hedge fund news, week 46 [more]

  In the week ending November 16th 2018, hedge funds have begun to dump the social media company Facebook's stock as it has come under scrutiny following a massive data breach scandal and other controversies like election manipulation led its founder and CEO, Mark Zuckerberg, to defend the compan

• 16. Nov. | Opalesque Roundtable: As alts rise in Germany, managers run into a wall of regulation [more]

  Bailey McCann, Opalesque New York: Institutional investors in Germany are taking a new look at alternatives, leading delegates at the recent Opalesque Germany Roundtable to call 2018 the 'year of the hedge fund', but it hasn't been easy. Alternative funds are tightly regulated in Germ

• 14. Nov. | Opalesque Exclusive: Walkers survey: 2018 was a positive year for new fund launches [more]

  Bailey McCann, Opalesque New York: Despite bumpy performance, 2018 has still been a generally positive year for alternatives according to a recent survey from Cayman law firm Walkers. The annual report on trends in the alternative investment industry shows that so far this year there has been a s

• 12. Nov. | Opalesque Roundup: "Big three" who started hedge funds this year all down in October: hedge fund news, week 45 [more]

  In a major test for the "big three" who started hedge funds this year - Dan Sundheim, Steve Cohen and Michael Gelband - none of them reportedly made money in October. Daniel Sundheim's D1 Capital Partners lost money last month and is down about 5% on the year. One of Pelham Capital's hedge

• 08. Nov. | Opalesque Exclusive: Short-term traders survive October's hedge fund bloodbath [more]

  Bailey McCann, Opalesque New York: October was the worst month for hedge funds in seven years, according to the latest performance data from Hedge Fund Research. The HFRI Fund Weighted Composite Index fell -2.98 percent in October, the worst monthly decline since September 2011. The majority of

• 06. Nov. | Opalesque Exclusive: EY's alts survey shows headwinds for managers [more]

  Bailey McCann, Opalesque New York: More investors are giving up on hedge funds. New data from EY's 2018 Global Alternative Fund Survey shows that as much as 20 percent of investors planned to scale back allocations to hedge funds in 2018. A quick look at October's dismal hedge fund perfor

• 05. Nov. | Opalesque Roundup: Hedge funds to grow slower than other alternative asset classes next five years: hedge fund news, week 44 [more]

  In the week ending October 2nd 2018, a Preqin survey said that hedge funds will grow by 31%, rising from $3.6 tn as at December 2017 to $4.7tn within the next five years as alternative in

• 02. Nov. | Opalesque Exclusive: Ontario Teachers' alums launch Peloton Capital Management [more]

  Bailey McCann, Opalesque New York: Steven Smith, CEO of First National Financial Corporation and several former members of the Ontario Teachers' Pension Plan have come together to launch a new middle market private equity firm in Canada. Peloton Capital Management will focus on investments in fin

• 01. Nov. | Opalesque TV: HTL Capital eyes alternative data [more]

  Bailey McCann, Opalesque New York: Thanh-Long Huynh, CEO of investment firm HTL Capital, has had a long history in the field of quantitative investing. Prior to starting HTL, he set up quantitative strategies for Societe Generale. Huynh is also the founder of QuantCube Technology, a FinTech start

• 01. Nov. | Opalesque Exclusive: US SIF report: ESG assets in alts funds triple [more]

  Bailey McCann, Opalesque New York: No matter how you define it - sustainable, responsible, ESG or impact - a new report from US SIF shows that these feel good strategies are no longer fringe funds. The biennial report, "US Sustainable, Responsible and Impact Investing Trends 2018", which was rele

• 30. Oct. | Opalesque Exclusive: Lekka Global Management launches global macro strategy [more]

  Bailey McCann, Opalesque New York for New Managers: Chicago based Lekka Global Management has launched a new global macro trading program. The program will trade equities, fixed income, currencies and commodities fu

• 29. Oct. | Opalesque Roundup: Market downturn said to cause hedge fund 'bloodbath': hedge fund news, week 43 [more]

  In the week ending October 26th 2018, hedge funds, that were already headed for their worst year ever before this month's tumble, got pummeled as October volatility has spiked the market. Given that Friday's turbulence was not included in the data, this could now be the worst month for long/short he

• 25. Oct. | Opalesque Exclusive: Veteran manager of U.S. equity long/short hedge fund says history may be repeating itself [more]

  B. G., Opalesque Geneva: According to Arthur (Art) Holly, who last year launched Blue Wave Global Investors LP, a U.S. equity long/short hedge fund, some of what is happening in the financial markets feels like 2007 all over again. When the Dow Jones Industrial Average, the Nasdaq Composite

• 24. Oct. | Opalesque Exclusive: Ascender Capital finds opportunities in Northeast Asia [more]

  Bailey McCann, Opalesque New York for New Managers: Asian stocks have been on a bit of a ride in October as geopolitical concerns and global market volatility weigh on performance. But one fund sees a long-term case

More Other Voices

• 31. Oct. 2018 | Other Voices: How to take advantage of the current market sell-off [more]

  By Alex Gavrish, Etalon Capital Ltd; author of "Story Investing" Alex Gavrish explains

• 18. Oct. 2018 | Other Voices: Does hedge-fund activism really increase shareholder value? [more]

  By: Cydney Posner, Cooley, LLP The public debate about hedge-fund activism has long been informed by academic literature that found increases in shareholder value and operating performance after activist interventions. But do hedge-fund activists actually do any long-term good for the companies

• 12. Oct. 2018 | Other Voices: A new SEC focus on short activism? Activist hedge fund Lemelson Capital charged with unlawful short attack [more]

  By: Lawrence S. Elbaum, Clifford Thau, Patrick Gadson and Sarah C.C. Tishler On September 12, 2018, the Securities and Exchange Commission charged hedge fund, Lemelson Capital and its adviser, Gregory Lemelson, with perpetrating an unlawful short attack on Ligand Pharmaceuticals. The SEC's compl

• 04. Oct. 2018 | Other Voices: BVI passes new limited partnership act [more]

  By: Trident Trust The BVI has modernised its partnerships regime with the enactment of a new Limited Partnership Act, 2017 and Limited Partnership Regulations, 2018, both of which entered into force on 11 January 2018. A key feature of the new regime is that it allows limited partnerships t

• 18. Sep. 2018 | Other Voices: SEC releases guidance...about guidance [more]

  By: Cydney Posner, Cooley LLP SEC Chair Jay Clayton issued a statement intended to make clear the importance of the distinction between SEC rules and regulations-which are adopted in accordance with the APA, have the effect of law and are enforceable by the SEC-and staff guidance, such as the CD

• 22. Aug. 2018 | Other Voices: CFTC and NFA make changes on position limits, virtual currency [more]

  By: Cary J. Meer, Lawrence B. Patent and Evan Glover, K&L Gates The CFTC and NFA have recently announced changes to their regulatory frameworks that could impact traders and fund managers. The CFTC is proposing to permit increased trading in security futures products. Separately, NFA has adopte

• 08. Aug. 2018 | Other Voices: The four dimensions of the hedge funds arms race for Alpha [more]

  From Don Steinbrugge, Agecroft Partners: It is no secret that the vast majority of investors, including hedge funds managers, have underperformed market indices over time. However, some managers have distinguished themselves generating very strong risk adjusted returns. Outperforming an index requir

• 08. Aug. 2018 | Other Voices: The four dimensions of the hedge funds arms race for Alpha [more]

  From Don Steinbrugge, Agecroft Partners: It is no secret that the vast majority of investors, including hedge funds managers, have underperformed market indices over time. However, some managers have distinguished themselves generating very strong risk adjusted returns. Outperforming an index requir

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CRUDE OIL (Continuous - @CL) – Daily

Currently: Cash Looking to: Buy at $55.69

As of 11/16/18 close: $56.83

UPDATE: Last week, I suggested buying at $58.07 with stops below $57.75 and with a target of $64.50.

Crude broke all bullish support this week and appears to have completed a third wave (“iii”) lower in the process. Now, we should see a wave “iv” counter-trend bounce to the $62.50 - $64.50 range.

Short-term, try buying dips to $55.69 with stops on any close below $54.75 and with an upside target of $62.50. Shorts should be tried up at $64.50 with stops above $65.50 and with a target of $56.