Investment Strategy Arbitrage

  • 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--...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Mark Nordlicht, Platinum's founding partner and chief investment officer, was...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Mark Nordlicht, Platinum's founding partner and chief investment officer, was...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Nordlicht, Platinum's 48- year-old founding partner and chief investment...

  • NEW YORK, Dec 19- The founder of New York- based hedge fund Platinum Partners was arrested on Monday as prosecutors unveiled an indictment charging him and six others with participating in an approximately $1 billion fraud. Mark Nordlicht, Platinum's founding partner and chief investment officer, was taken into custody at his New Rochelle, New York, home in...

  • *OPEC, non- OPEC producers agree broad production cut from 2017. SINGAPORE, Dec 12- Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets. "We believe that the observation of the OPEC -11 and non- OPEC 11 production...

  • *OPEC, non- OPEC producers agree broad production cut from 2017. SINGAPORE, Dec 12- Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets. "We believe that the observation of the OPEC -11 and non- OPEC 11 production...

  • *Hintze hails new chapter for industry. LONDON, Dec 2- Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. After a tough 2015, all the main funds of CQS, which manages $12 billion, are now in the black.

  • *Hintze hails new chapter for industry. LONDON, Dec 2- Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. After a tough 2015, all the main funds of CQS, which manages $12 billion, are now in the black.

  • Spot gold was down 0.8 percent at $1,173.56 an ounce to mark its lowest since Feb. 8 at $1,171.21 per ounce. U.S. gold futures fell 1.4 percent to $1,172.6 per ounce, after dipping earlier to its lowest since Feb. 5 at $1,170.30 per ounce. The dollar on Friday rose to an eight-month high against the yen, lifted by U.S. bond yields, which resumed their rise in Asia after the...

  • A person, not a machine, was probably ultimately the cause of the short-lived flash crash in the pound sterling.

  • *Bankers put 10- cent fall in sterling down to algorithmic trading. LONDON, Oct 7- Sterling's short-lived 10- percent fall on Friday could not have happened without the lightning-fast computer-driven trading that now dominates the $5- trillion a day foreign exchange market. The Bank of England is still investigating the cause of the sudden price move.

  • *Bankers put 10- cent fall in sterling down to algorithmic trading. LONDON, Oct 7- Sterling's short-lived 10- percent fall on Friday could not have happened without the lightning-fast computer-driven trading that now dominates the $5- trillion a day foreign exchange market. The Bank of England is still investigating the cause of the sudden price move.