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Investment Strategy Arbitrage

  • June 19- Billionaire investor John Paulson, whose hedge fund firm is the biggest owner of Valeant Pharmaceuticals International Inc shares, on Monday joined the ailing drug company's board as it restructures to repay debt. Investors appeared to see Paulson's becoming a director as a vote of confidence in Valeant, sending its U.S.-listed shares up 5.1. percent...

  • MELBOURNE, June 16- London copper edged up on Friday but was still eyeing its biggest weekly drop since early May as markets priced in a higher U.S. interest rate environment that would support the dollar. *Shanghai Futures Exchange copper was flat at 45,650 yuan a tonne. *CME says the New York Mercantile Exchange Inc. and Commodity Exchange Inc. plans to expand the...

  • June 9- Portfolio manager Sheru Chowdhry is expected to leave Paulson& Co, two sources said on Friday, signaling a quickening pace of departures at the hedge fund as its assets have shrunk and some of its portfolios have suffered losses. Executives T. Michael Johnson, Natalie Oelkers and Claudio Macchetto have also left or are expected to soon leave the New York...

  • MELBOURNE, May 23- London copper slipped on Tuesday amid modest profit-taking after posting its highest price in three weeks overnight. COPPER: London Metal Exchange copper was down 0.5 percent at $5,669 a tonne as of 0710 GMT, reversing a slightly firmer close in the previous session when it touched the highest since May 3 at $5,720 a tonne.

  • MELBOURNE, May 23- London copper held near its highest in three weeks on Tuesday as the dollar fell, with focus shifting to an upcoming monthly breakdown of China trade data. *London Metal Exchange copper was flat at $5,706 a tonne at 0135 GMT, after a slightly firmer close in the previous session when it touched the highest since May 3 at $5,720 a tonne.

  • LONDON, May 12- The London Metal Exchange is running short of tin. There is, for example, now more tin sitting in warehouses operated by the Shanghai Futures Exchange than in the LME system. Graphic on LME and Shanghai Futures Exchange stocks:.

  • LONDON, May 11- Trading in the North Sea crude oil physical market has seen a boost from a growing number of participants, but trader Mercuria warned on Thursday that more financial players meant derivatives could have an unduly large impact on the setting of the dated Brent benchmark price. Dated Brent, which governs around two-thirds of the world's oil trades,...

  • MELBOURNE, April 26- London copper held near its highest in a week on Wednesday as the U.S. dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies. *SHFE COPPER: Shanghai Futures Exchange copper climbed 0.8 percent to 46,230 yuan a tonne. *China's steel futures climbed to...

  • SYDNEY, April 26- London copper held near its highest in a week on Wednesday as the U.S. dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies. *SHFE COPPER: Shanghai Futures Exchange copper climbed 1 percent to 46,350 yuan a tonne. *BHP RESULTS: BHP Billiton, cut its full-year...

  • LONDON, April 4- Zinc bounced after touching a three-week low on Tuesday as investors bet lacklustre demand would recover in top metals consumer China, while copper hit a one-week low. That's really the key to the outlook, "said Nicholas Snowdon, metals analyst at Standard Chartered in London. *ZINC: Benchmark London Metal Exchange zinc traded up 0.8 percent at...

  • LONDON, March 29- Aluminium hit its highest level in nearly two years on Wednesday, supported by optimism that China would carry out plans to cut supply and by a rebound in the oil price. "As long as China follows through with this and takes its environmental concerns seriously, there is potential for aluminium to perform quite well," Nitesh Shah, a commodities...

  • *Libya supply cut by a third due to armed faction action. *Iran minister says OPEC deal "likely" to be extended. LONDON, March 28- A severe disruption to Libyan oil supplies and comments from officials suggesting OPEC could extend its production cuts deal to the end of the year boosted oil prices on Tuesday.

  • *Libya supply cut by a third due to armed faction action. *Iran minister says OPEC deal "likely" to be extended. LONDON, March 28- Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production.

  • *Iran minister says OPEC deal "likely" to be extended. LONDON, March 28- Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production. In the United States, West Texas Intermediate crude futures were up 48 cents at $48.21 a barrel.

  • SINGAPORE, March 28- Oil prices rose on Tuesday, supported by a weaker dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC- led supply cut is big enough to rebalance the market. Prices for front-month Brent crude futures, the international benchmark for oil, had gained 18 cents from their last close to $50.93...

  • SINGAPORE, March 28- Oil prices rose on Tuesday, supported by a weak dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC- led supply cut is big enough to rebalance the market. Prices for front-month Brent crude futures, the international benchmark for oil, had gained 20 cents from their last close to $50.95...

  • SINGAPORE, March 28- Oil prices edged up on Tuesday on a weaker dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC- led supply cut is big enough to rebalance the market. Prices for front-month Brent crude futures, the international benchmark for oil, had risen 15 cents from their last close to $50.90 per...

  • *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...