3.9.2008 - Major Commodities
Fund Closes, In Blow to Lehman
Ospraie Fund, a big commodities fund partly owned by Lehman Brothers Holdings, is
closing down and will return money to investors after incurring big losses this
year. People close to the fund, which had nearly $4 billion in assets, said the
losses resulted from bad bets in copper and natural gas, causing the flagship fund
to lose 38% since the beginning of the year.
3.9.2008 - MF
Global Names New Risk Chief
OCommodities broker MF Global has appointed Michael Roseman as its new chief risk
officer responsible for the overall management of MF Global's risk department worldwide
including market, credit and operational risk.
10.9.2008 - Commodity run is not over yet say Europe's fund selectors
Voting among 50 of Europe's leading fund selectors has revealed that the majority
think the commodity boom of the last few years still has further to run.
11.9.2008 - CFTC moves to curb commodity speculation
The main US regulator of commodity markets told Congress it was imposing 'enhanced
control' on dealing by Wall Street banks
11.9.2008 - Metals
Hedge Fund Melts In August Heat
Metals hedge fund firm RK Capital Management’s funds plummeted a combined 30% last
month, turning the firm’s turnaround year into something closer to more of the same.
12.9.2008 - Govts' moves can't halt commodity rally: Rogers
Trying to cut out speculators from the commodity futures trade will only decrease
liquidity and will not halt a price rise as supply problems persist, investor James
B Rogers, popularly known as Jim
12.9.2008 - State owned funds invest $20bn in commodities
Sovereign wealth funds have invested almost $20bn in commodities futures, according
to fresh data from US regulators. It confirms for the first time the presence of
state-owned vehicles in the commodities market.
12.9.2008 - Speculative Bets by Index Funds Didn’t Push Oil Prices
Up, Report Says
Conventional wisdom in Washington holds that speculative money flooding into the
market from index funds pushed up oil prices earlier this year.
12.9.2008 - Darst: Commodity Bull Cycle Still Intact Video
news
The long-term case for commodity bull cycle is still intact, says David Darst, chief
investment strategist at Morgan Stanley Global Wealth Management. But he warns CNBC's
Amanda Drury, Sri Jegarajah that there could be further weakness over the next year.
12.9.2008 - Atlanta Firm Launches FX Hedge Fund
Atlanta-based Cedarcroft Capital is ramping up its product line with the launch
of a foreign exchange hedge fund.
14.9.2008 - Farmland fund to exploit food price boom
The largest fund to invest in European farmland will be launched on Monday, signalling
investors' growing appetite for alternative ways to profit from a long-term rise
in agricultural commodity demand and prices
15.9.2008 - JWH Gains On Energy, Currency
While most hedge funds suffered in August, one notable quantitative shop fared well
in the heat. John W. Henry & Co. reported gains in three out of the four available
JWH products last month.
15.9.2008 - MF Global: No material exposure to Lehman Brothers
MF Global Ltd. said Monday it "believes it has no material exposure to Lehman Brothers."
Lehman was forced into bankruptcy after failing to secure a buyout.Market Pulse
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19.9.2008 - Arkanar To Launch Macro Fund
Newly-formed Arkanar Financial will launch a global macro hedge fund based on its
two-and-one-half year old managed account later this month.
19.9.2008 - Investors still favour commodities
Investors are still positive on the outlook for commodities but after the collapse
of U.S. investment bank Lehman, the focus has turned to counter-party risk, a Standard
and Poor's investor seminar heard on Thursday.
19.9.2008 - House Backs Oil Speculation Bill
Ignoring a presidential veto threat, the House on Thursday approved measures aimed
at curbing speculation in oil and other commodity markets.
22.9.2008 - Commodities Boom Is Back, Thanks to Bailout
The US financial bailout plan is giving new life to commodities prices. Just last
week, the price of crude oil, gold and other commodities was slumping on worries
that the Wall Street crisis would cause a recession, slowing demand for basic assets.
23.9.2008 - Managed Futures Gain Ground In August
Managed futures held steady in August with a small gain of 0.11%, according to the
Barclay CTA Index. Year-to-date, the index is up 7.17%.
24.9.2008 - CFTC
Revokes PAAM’s Registration, Fines Four CPOs
The U.S. Commodity Futures Trading Commission today revoked the registration of
Philadelphia Alternative Asset Management, based on fraud judgments entered against
the hedge fund last month.
25.9.2008 - 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.