Category Archives: Glencore
New Trump Executive Order Targets Clinton-Linked Individuals, Lobbyists And Perhaps Uranium One
The Trump Administration quietly issued an Executive Order (EO) last Thursday which allows for the freezing of US-housed assets belonging to foreign individuals or entities deemed “serious human rights abusers,” along with government officials and executives of foreign corporations (current or former) found to have engaged in corruption – which includes the misappropriation of state assets, the expropriation of private assets for […]
The Real Story Behind Goldman’s Q2 Trading Loss: How A $100M Gas Bet Went Awry
Goldman Sachs FICC-trading income was an unexpectedly ugly blemish on what was already a poor Q2 earnings report. And while the FDIC-backed hedge fund initially blamed the decline on lower trading revenues, lack of volatility and depressed client activity… … there was more to the story. The Wall Street Journal has uncovered what really happened: […]
Here’s How Government Pension Funds Are Trying To Close Their $7 Trillion Funding Gap
Authored by Simon Black via SovereignMan.com, There may perhaps be no other group of investors that’s more DESPERATE today than pension funds. Pensions, of course, are the giant funds responsible for paying out retirement benefits to workers. The idea is that both the employer and the employee typically contribute a set percentage of the employee’s […]
WTI/RBOB Mixed After Biggest Crude Draw Since 2016, Production Hits 21-Month Highs
Oil prices have roller-coastered since last night's API report of the biggest crude draw since September (hurricane-impacted), but kneejerked higher after DOE confirmed a big crude draw (though less than API), the largest since Dec 2016 and 8th weekly draw in a row. Distillates saw a surprise build, crude exports hit a record high, and […]
Markets In 2016: Winners & Losers
As 2016 comes to a close, Reuters has compiled a list of the biggest winners and losers of the year from across the globe. Of course, after global equities started out the year on a weak note, in the closing weeks of 2016 computer algos investing professionals have rarely seen a stock they didn’t want to […]
One Of The World’s Biggest Hedge Funds Has Lost $1.8 Billion In 2016
While hardly news by now, the latest proof that hedge funds are generally having a woeful year in a world where few financial relationships make sense, comes from UK-based Lansdowne Partners, one of the world’s largest hedge funds, which according to the WSJ extended its losing run last month, after its flagship Developed Markets fund […]