I’m a proud American but sometimes when watching Congress at work I wonder if our Founding Fathers were a bit daft. Case in point: The House Agriculture Committee hearings on the MF Global failure held Dec. 8. Between the redundant, silly, random and political ax grinding questions, it’s a wonder anything was learned. However: (more…)
BarclayHedge released its May flash report of commodity trading advisor (CTA) performance this week, which indicated May was a rough month for managers. The report includes managed futures trading programs managing at least $50 million. It was no surprise that May was a tough month for traders as the sharp reversal in the U.S. dollar led many commodity markets to change course abruptly.
I was fortunate to get a couple extra days of warm weather as I was in Florida for the Managed Funds Association (MFA) conference last week and was stranded there (no angry letters please). A lot of people were in the same boat and some had been away from home for quite some time as there was another Florida conference that preceded MFA Network.
