Saturday, March 10, 2012
Robert Charles's Updated Barclay's Hedge Performance Report Thru February 2012
Research on Hedge Funds, Fund of Funds, and Managed Futures | Alternative Investments
Barclay’s Managed Futures (CTA) Database Contains Comprehensive and Up-to-Date Information on 1153 CTA Programs - Incuding Robert Charles' Diversified Trading Program.
Gold Wagers Hit $131 Billion
Gold Bulls Strengthen as Wagers Hit $131 Billion - Businessweek
Gold traders are the most bullish in four months after investors accumulated more metal than ever and hedge funds raised bets on gains to a five-month high. Sixteen of 23 analysts surveyed by Bloomberg expect prices to gain next week and one was neutral, the highest proportion since Nov. 11. Investors increased their holdings in exchange- traded products backed by bullion for seven consecutive weeks and now hold 2,407 metric tons valued at $131 billion, data compiled by Bloomberg show.
Gold traders are the most bullish in four months after investors accumulated more metal than ever and hedge funds raised bets on gains to a five-month high. Sixteen of 23 analysts surveyed by Bloomberg expect prices to gain next week and one was neutral, the highest proportion since Nov. 11. Investors increased their holdings in exchange- traded products backed by bullion for seven consecutive weeks and now hold 2,407 metric tons valued at $131 billion, data compiled by Bloomberg show.
Oil Risks Worsening EU Recession
European Central Bank President Mario Draghi is trapped between accelerating inflation and slowing growth, making it hard for him to defend countries such as Italy and Spain from the ravages of recession. The central bank yesterday revised its inflation forecast for the euro area to an average rate of 2.4 percent this year, up from a December prediction for prices to rise by 2 percent. The new projections show the economy may contract 0.1 percent, down from a previous forecast for 0.3 percent growth.
Hedge Fund News Snapshot
Goldman Sachs began this month unwinding its investments in hedge funds to comply with the Volcker Rule’s ban on banks holding more than 3% of the assets of any single fund, the WSJ reports. The process will take more than two years. It will redeem up to 10% of its stakes in certain hedge funds each quarter over ten consecutive quarters, starting in March 2012 and ending in June 2014. Goldman detailed its plans in a correspondence with the SEC last June. The regulator asked the bank to disclose the extent to which hedge fund and private-equity investing had been terminated or disposed of as well as steps the firm planned to take.
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