3.10.2008 - Commodities benchmark falls 28% in 3Q
Severe selling pressure this week led to sharp falls in oil and metals prices amid
mounting fears that the ongoing turmoil in financial markets will drag the global
economy into recession. Agricultural commodities also fell this week amid concerns
that weakness in oil consumption could also affect demand for ethanol and biofuels.
3.10.2008 - Commodities Head for Biggest Weekly Decline in Over 50
Years
Oil, copper, and corn drove commodities toward their biggest weekly decline in more
than 50 years on concern that the worst financial crisis since the Great Depression
will push the U.S. into recession.
3.10.2008 - Newedge Reveals Index Monthly Performance Data
Newedge, a global brokerage, has posted the monthly performance data for its Alternative
Edge Short-Term Traders and CTA Indices. The AlternativeEdge Short-Term Traders
Index (STTI) finished the month of September up 2.12% (11.3% YTD), while continuing
to maintain its low correlation to equity-based indices.
4.10.2008 - UBS cuts jobs in proprietary trading and commodities
UBS will drop most of its commodities business and cut its involvement in proprietary
trading, leaving a further 2,000 workers at the troubled bank jobless.
6.10.2008 - Da Vinci Hires New Portfolio Manager
Paolo Bozzo, a former trader at Beegee Trading, a proprietary commodity trading
shop, has joined Da Vinci Invest Ltd. as a portfolio manager in charge of commodity
volatility arbitrage.
7.10.2008 - CME-Citadel form CDS clearing facility
The battle for control of the $54,000bn credit derivatives market intensified as
CME Group and Citadel, the hedge fund, teamed up to form an electronic marketplace
with central counterparty clearing for credit default swaps
8.10.2008 - NY Hedge Fund Launches Global Macro Fund
New York-based MQS Asset Management recently launched a quantitative global macro
hedge fund to invest in currencies and commodities.
8.10.2008 - Pickens, Hedge Funds Sue Lehman Commodity Services
Legendary Texas oilman T. Boone Pickens and four of his hedge funds have sued a
Lehman Brothers division for breach of contract.
9.10.2008 - Pension funds favour "plain vanilla" in commodities
Sharp falls in commodity prices have yet to cause an exodus by pension fund investors
from raw materials but the credit crisis could prompt a shift to simplicity and
away from complex derivatives. "We haven't seen them (pension funds) coming out
yet and we don't anticipate it," said Eric Kolts, vice president, Commodity Indices
at Standard & Poor's.
10.10.2008 - Diapason’s L/S Ag. Fund Wilts In September
Diapason Commodities Management, the $7 billion Lausanne, Switzerland-based commodity-focused
alternatives shop is currently feeling the pinch of the downtrodden market.
10.10.2008 - CME, Thomson to shut FXMarketSpace
CME Group and Thomson Reuters Corp. said Friday that they are taking steps to close
their joint venture, FXMarketSpace. Launched in March 2007, FXMarketSpace was the
world's first centrally-cleared global foreign exchange marketplace.
11.10.2008 - Dig in for the long term as commodities slide
Last week's report from Barclays said it all. The total amount of money invested
in commodities has fallen to 210bn L123.5bn from 270bn in the third quarter.
12.10.2008 - Rush to put private commodities contracts on exchanges
Commodities traders are rushing their private bilateral contracts into exchanges
and clearing houses as they race to reduce their counterparty risk amid a deepening
financial crisis
13.10.2008 - Mr. Rogers' Neighborhood (SmartMoney Magazine)
John Rogers has his own personal comfort zone. He always wears a gray pinstripe
suit to work, eats at least one meal a day at McDonald's and collects -- get this
-- teddy bears. Sound quirky? Perhaps. But this fund manager has used his eccentric
style to clobber the Standard and Poor's the past five years.
13.10.2008 - Mulvaney Trumps Hedge Fund Indices
Not every hedge fund is down in the dumps. Mulvaney Capital Management’s Global
Diversified Fund returned 11.58% in September bringing its year-to-date returns
to 27.45%.
13.10.2008 - FUND VIEW-Currency shakeout to benefit hedge funds
Recent sharp moves in global currencies are the start of longer trends set to produce
strong money-making opportunities for trend-following hedge strategies, according
to Insch Capital Chief Executive Chris Cruden.
13.10.2008 - Fundamental changes in commodities trading
Higher counterparty risks mean some over-the-counter deals have moved to public
exchanges
15.10.2008 - JWH ‘Thrives’ In September
While hedge funds struggled with drawdowns last month, one quantitative shop made
gains in an otherwise precarious market.
15.10.2008 - Merchant Commodity Trounces Hedge Funds in September
Merchant Commodity Fund, the hedge fund run by former Cargill Inc. traders Michael
Coleman and Doug King, gained 12 percent in September as energy and agricultural
prices slumped, two people with knowledge of its performance said.
15.10.2008 - Commodity trend followers profit, even in a crisis
The credit crisis has hammered most commodity prices to multi-month lows as investors
pulled billions of dollars from the sector, but trend-following traders have survived,
and even profited.
15.10.2008 - BCM Launches CTA Database For Managed Futures Investors
Balarie Capital Management recently announced that they have launched a free CTA
database that tracks several hundred Commodity Trading Advisors. The CTA database
allows individual and institutional investors (family offices, endowments, pensions)
to view performance data on several hundred different Commodity Trading Advisors
from all over the globe.
15.10.2008 - Commodities Head for Biggest Weekly Decline in Over
50 Years
Oil, copper, and corn drove commodities toward their biggest weekly decline in more
than 50 years on concern that the worst financial crisis since the Great Depression
will push the U.S. into recession.
15.10.2008 - Gibraltar domiciled fund launches managed futures cell
Quay Umbrella PCC Fund has launched its managed futures cell, CrystalClear Capital
Management Fund, running a medium to long term trend following strategy under the
Quay Financials (Gibraltar) Experienced Investor Fund Umbrella.
15.10.2008 - Commodity funds gird for more deleveraging
Commodity funds are struggling to regain a footing after a record fall in futures
prices last week suggested to many that more liquidation could be in store for a
sector that lost up to $60 billion (34 billion pounds) in the last quarter.
15.10.2008 - Trafigura Unit Plans $500M Energy Hedge Fund
Prominent commodities trader Trafigura Beheer plans to launch an energy hedge fund
early next year, aiming to raise US$500 million.
16.10.2008 - Lehman Looks to Unwind Derivatives Trades
Lehman Brothers Holdings Inc.'s legal and financial advisers said Thursday they
plan to hire about 200 professionals to help settle the more than 1 million derivatives
trades the investment bank entered into before it collapsed last month.
16.10.2008 - NYSE Futures Exchange Selects OCC
US futures exchange NYSE Liffe has chosen the Options Clearing Corp to clear its
precious metals futures contracts.
17.10.2008 - Unauthorised derivatives trading costs French bank Caisse
d'Epargne €600m
Finance minister orders emergency audit of all country's banks after Caisse indicated
team of four or five traders, since disciplined, exceeded their limits
17.10.2008 - Managed Futures Post Modest Gain In Sept.
Investors spooked by their hedge fund portfolios may do well to diversify into managed
futures. Commodity trading advisors posted a modest gain of 0.68% last month, bringing
their average year-to-date return to 7.86%, according to the Barclay CTA Index.
20.10.2008 - London Firm Launches Carbon Hedge Fund
London-based CF Partners, an environmental finance firm specializing in carbon advisory
and trading, is launching a carbon emissions hedge fund strategy next month.
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21.10.2008 - Dubai Multi Commodities Centre launches cotton platform
Dubai Multi Commodities Centre has launched Dubai Cotton Centre, a new trading subsidiary,
to consolidate its position as a key link in the global cotton supply chain between
central Asia and
21.10.2008 - La Fayette Launches Global Macro Fund of Funds
London-based La Fayette Investment Management has launched a niche hedge fund of
funds that invests in global macro strategies. read more
21.10.2008 - Chinese giant Citic may suffer 2bn loss from unauthorised
currency bet
An unauthorised currency bet may cost Chinese giant 2bn.
22.10.2008 - Citic Pacific scarred by currency bet
Making a one-way bet on the Australian dollar, Citic Pacific is facing a massive
loss as the currency tumbles and losing its reputation as a jewel in China's overseas
corporate crown.
22.10.2008 - Dow Jones-AIG Commodity Indexes licensed to Eurex to underlie futures
and options
Dow Jones Indexes, a leading global index provider, has licensed the Dow Jones-AIG
Commodity Index and its nine sector sub-indexes to international derivatives exchange
Eurex, to underlie standardised exchange-traded futures and options contracts, which
are scheduled for launch in the first quarter of next year.
22.10.2008 - Galena Plans to Start $500 Million Energy Hedge Fund
Galena Asset Management Ltd., the fund unit of closely held commodities trader Trafigura
Beheer BV, plans to raise at least $500 million for an energy hedge fund that will
start in the first half of next year.
PFGBEST.com Launches Asset Allocation and Management
Subsidiary
22-Oct 2008 |
"managed futures"
The experience that we have developed in managed futures helped us bring our latest
fund, PECTA, to market in 2005. Following our very positive experience ...
PFGBest to launch commodity fund - Chicago Tribune
23-Oct 2008 |
"commodity fund"
The fund, which will have multiple strategies and advisers, joins an existing commodity
fund in PFGBest .com's Peregrine Asset Management subsidiary.
24.10.2008 - Alpha And Style Persistence For Currency Managers
Institutional investors are increasingly turning to currency traders. This article
confirms that past performance is no guarantee of future returns. But there is evidence
that managers have a tendency to persistently use the same investment strategy,
suggesting that investors may wish to diversify across currency managers.
24.10.2008 - SEC's Cox says supports merger of agency, CFTC
The chairman of the U.S. Securities and Exchange Commission said on Thursday he
"strongly" supported a merger between his agency and the Commodity Futures Trading
Commission.
26.10.2008 - Market swings expose Chinese offshore derivatives trades
Large fluctuations in global commodity and currency markets have exposed a string
of offshore derivatives trades made by large Chinese companies, prompting the government
to issue a warning to speculators
28.10.2008 - ETFS to launch carbon futures ETC
ETF Securities will list the world's first carbon exchange traded commodity on the
London Stock Exchange later this week, to provide investors with access to the fast
growing carbon futures market.
RAB Halts Withdrawals From Second Fund, Seeks Restructuring
28-Oct 2008 |
FINalternatives
For the second time in as many months, RAB Capital is seeking to restructure one
of its hedge funds. read more
World's first carbon exchange traded commodity to launch on LSE
29-Oct 2008 |
Opalesque Commodities Briefing
From Citywire.co.uk: Investors will be able to access the rapidly growing carbon
futures market later this week with the launch of the world's first carbon exchange
...
PIMCO Launches Global Fund Using Index Derivatives
29-Oct 2008 |
IndexUniverse
MF Global CEO Resigns
29-Oct 2008 |
WSJ.com: US Business
Winton's Harding `Worries' About Exchange Shutdowns, Holds Cash
29-Oct 2008 |
Managed Futures News
David Harding, founder of $15.5 billion Winton Capital Management LLC, said he is
holding more cash on the possibility that exchanges may be closed.
CME remains confident in long-term growth prospects
30-Oct 2008 |
MarketWatch.com
(This article was originally published Wednesday) CHICAGO (MarketWatch) -- Trading
volume in CME Group Inc.'s core interest rate futures complex continued to slide
...
RAB restructures energy portfolio as sector falls
30-Oct 2008 |
Latest news from Wealth Bulletin
RAB Capital is restructuring its second hedge fund in as many months after its energy
portfolio lost 56% this year in a peer group that fell about 21%, making it one
of at least ...
Global Commodities Investment Forum
31-Oct 2008 |
emii.com : Hedge Funds
Mulvaney Appoints Chief Legal Officer
31-Oct 2008 |
FINalternatives
Mulvaney Capital Management has appointed Alistair McNaughton as chief legal officer.
read more
Wary investors fuel forex jitters
31-Oct 2008 |
FT.com
Foreign exchange markets experienced extreme volatility in October as recession-wary
investors continued to shy away from risk and parked cash in the relative safety
of yen ...
The Hedgeweek Interview - Simon Glossop, CF Partners: "We actively trade carbon
from a relative value and arbitrage perspective"
31-Oct 2008 |
Hedgeweek News
Simon Glossop, partner and chief investment...
MFC starts futures fund
31-Oct 2008 |
Opalesque Commodities Briefing
From Bangkokpost.com: MFC Asset Management will launch its new commodities fund
investing in farm futures contracts in early 2009. MFC president Pichit Akrathit
said the fund ...
Options trading gains traction in troubled financial times
31-Oct 2008 |
Opalesque Commodities Briefing
From Cattlenetwork.com: Though investor confidence may be at or near historic lows,
the wild swings in commodity and equity prices in recent months have been nothing
short ...
NFA Suspends Missing CTA
31-Oct 2008 |
FINalternatives
The National Futures Association announced has suspended SNC Investments and its
principal, Peter Son, from membership. read more
Some monthly stats: October has been the worst month for the Commodities index since
1956, best month for the Dollar index since 1991. [CNBC]
31-Oct 2008 |
SeekingAlpha.com: Market Currents
Some monthly stats: October has been the worst month for the Commodities index since
1956, best month for the Dollar index since 1991. [CNBC]