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Investment Strategy Arbitrage

  • 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.

  • *Bankers put 10- cent fall in sterling down to algorithmic trading. *Traders have warned for month of gaps in global FX market. 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.

  • NEW YORK, Sept 26- Perry Capital, the hedge fund firm founded by Richard Perry and Paul Leff in 1988, plans to wind down its main hedge funds, according to a letter sent to investors on Monday and seen by Reuters. "Although I continue to believe very strongly in our investments, process and team, the industry and market headwinds against us have been strong, and the...

  • NEW YORK, Sept 26- Perry Capital, the hedge fund firm founded by Richard Perry and Paul Leff in 1988, plans to wind down its main hedge funds, according to a letter sent to investors on Monday and seen by Reuters. "Although I continue to believe very strongly in our investments, process and team, the industry and market headwinds against us have been strong, and the...

  • Why flash crash hit ETFs hard...

    The system needs to be fixed, says Joe Saluzzi, Themis Trading co-founder, discussing the role of high frequency trading on rapid moves in the market, and how some ETFs were burned by not making the correct price.

  • Consignment commerce: Allowing consumers to profit

    James Reinhart, ThredUP CEO & co-founder, discusses the online consignment space for second hand clothing, and the invaluable leadership and wisdom Netflix CEO Reed Hastings has provided. CNBC's Jon Fortt weighs in.

  • Hedge Funds Chase Greek Debt

    Hans Humes, Greylock Capital CEO, explains how to make money in Greece's bond buyback program.

  • Are Wacky ETFs Causing the Volatility?

    Scott Burns, Morningstar weighs in on whether levered ETFs are amplifying market volatility.

  • Are Wacky ETFs Causing the Volatility?

    Scott Burns of Morningstar weighs in on whether leveraged ETFs are amplifying market volatility.