Is gold’s glitter gone?
The smart money seems to be dumping gold according to a recent report in Bloomberg News. Hedge fund managers are systematically reducing their positions in theprecious metal – simply put they are taking profits. According to Bloomberg, manager’s have reduced the number of long positions by over 9 percent for the week ended January 11, this follows a drop of more then 6 percent in the number of contracts held by managers at the end of the previous week. Taking profits now is a good move. Click here to read the story. Understanding when to hold and when to fold is what separates good money managers from great ones. On […]
The shoe continues to drop…
Insider trading is all the rage, or at least most of the news, in the hedge fund industry these days. More than a year into this mess, the flames of the scandal continue to burn bright. Regardless of what happens with asset flows, performance or new fund launches, all people seem to care about is the indictments, the pleas and the hearings about who knew what when and whether it was right or wrong for them to pass on the information. Read the latest story here. And while the scandal continues, the hedge fund industry continues to thrive. New funds are starting, assets are coming in and performance for many […]