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Investment Strategy Arbitrage

  • *Oil shipments to Asia up 3 pct since supply cut was announced. *Oil to Asia vs prices: http://tmsnrt.rs/2muIGTc. SINGAPORE, March 17- Halfway into an OPEC- led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to rein in a global glut have so far had little effect.

  • LONDON, March 6- Industrial metals are buzzing again. Tin, currently trading at $19,330 per tonne in London, is down 7.8 percent on the start of January. In Shanghai, where the price has arguably held up better, market open interest has slid from over 24,000 lots to just 13,400 over the same time-frame.

  • NEW YORK, Feb 24- Criminal charges against top executives of Platinum Partners for running the $1.4 billion hedge fund firm like a Ponzi scheme have revived an old question for investors: Where was the board? Donald Seymour and David Bree of Cayman-based DMS Governance Ltd were directors for Platinums troubled Value Arbitrage Fund. Spokesmen for the SEC and...

  • NEW YORK, Feb 24- Criminal charges against top executives of Platinum Partners for running the $1.4 billion hedge fund firm like a Ponzi scheme have revived an old question for investors: Where was the board? Donald Seymour and David Bree of Cayman-based DMS Governance Ltd were directors for Platinums troubled Value Arbitrage Fund. Spokesmen for the SEC and...

  • West Texas Intermediate was down 16 cents at $54.29 by 0728 GMT. While OPEC appears to be sticking to its deal, producers that were not part of the deal, particularly U.S. shale drillers, have increased output, driving the growth in inventories in the United States, the world's biggest oil consumer. "Current oil prices are neither sustainable for OPEC or the industry,"...

  • TOKYO, Feb 24- Oil prices held gains on Friday on data showing U.S. stockpiles rose for a seventh straight week but at a pace that was well below expectations, and news of oil being sold out of storage in Southeast Asia. While OPEC appears to be sticking to its deal, producers that were not part of the deal, particularly U.S. shale drillers, have increased output, driving...

  • West Texas Intermediate fell 12 cents, or 0.2 percent, to $54.33 a barrel by 0323 GMT, having closed up 1.6 percent in the previous session. While OPEC appears to be sticking to its deal, producers that were not part of the deal, particularly U.S. shale drillers, have increased output, driving the growth in inventories in the United States, the world's biggest oil...

  • BEIJING, Feb 9- China's forecast on Thursday of a drop in corn imports to their lowest in at least a decade may end a years-long bonanza for global merchants and producers as maize prices in the world's biggest grains market have dropped below global prices. In its monthly crop report, the Ministry of Agriculture forecast imports for the 2016/ 2017 crop year that...

  • SHANGHAI, Feb 7- China's yuan weakened against the dollar on Tuesday, dragged down by dollar demand from individuals and a slightly stronger greenback, traders said. China is expected to report that foreign exchange reserves fell for the seventh straight month in January but at a much slower pace as authorities tightened controls on capital outflows and the...

  • SINGAPORE, Jan 31- Oil prices dipped on Tuesday as rising U.S. drilling activity undermined efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.13 per barrel at 0752 GMT, down 10 cents from their last close. U.S. investment bank Jefferies said on Tuesday...

  • SINGAPORE, Jan 31- Oil prices fell on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.10 per barrel at 0516 GMT, down 13 cents from their last close. U.S. investment bank Jefferies said that while " OPEC...

  • *Brent/WTI falling from $2.7/ b to just over $1/ b by November. SINGAPORE, Jan 31- Oil prices dipped on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.16 per barrel at 0421 GMT, down 7 cents from their last...

  • LONDON, Jan 18- The London tin market remains a tight and crowded space. There is tin in China. China may just have quietly removed that barrier and if it has done, it would have major ramifications for global tin flows and the metal-starved London market.

  • Jan 13- Citadel Securities, the market-making arm of billionaire hedge-fund manager Ken Griffin, has agreed to pay $22.6 million to settle charges that it misled customers about the way it priced trades, the U.S. Securities and Exchange Commission said on Friday. "This affected millions of retail orders," said Stephanie Avakian, the acting director of...

  • *Exports from North Sea, Azerbaijan to Asia hit record in January. SINGAPORE, Jan 11- European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to Asia this month, seeking to plug any supply gap left by OPEC production cuts. Seeing an opportunity to sell North Sea oil profitably in arbitrage deals to Asia, seven...

  • *Exports from North Sea, Azerbaijan to Asia hit record in January. SINGAPORE, Jan 11- European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to Asia this month, seeking to plug any supply gap left by OPEC production cuts. Seeing an opportunity to sell North Sea oil profitably in arbitrage deals to Asia, seven...

  • WASHINGTON, Jan 3- The top U.S. derivatives and commodities regulator officially offered his resignation on Tuesday, saying he would step down on Jan. 20, the day of the presidential inauguration. Commodity Futures Trading Commission Chairman Timothy Massad had said he expected to leave once President-elect Donald Trump took office and he hoped for a smooth...

  • BOSTON, Dec 21- Team-based hedge funds lost billions in cash and some of their cachet this year, creating an uncertain future for a strategy that had long been an industry darling. On Tuesday, Blackstone Group LP said it would shut its $1.8 billion Senfina Advisors after losing 24 percent this year. Earlier this year Deimos Asset Management, once associated with...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Led by Mark Nordlicht, Platinum was known for years for producing exceptionally high returns--...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Led by Mark Nordlicht, Platinum was known for years for producing exceptionally high returns--...