Deputy Editor, Global Markets Forum
Jeanine's Feed
Dec 11, 2014
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Hedge fund pool shrinks as assets grow, clients still bet on alpha – Steinbrugge

The hedge fund industry is on track to finish out the year both with record assets and a huge chunk of fund closures. Of the 240 funds launched in the third quarter 200 were liquidated, according to data from Hedge Fund Research. Year-to-date through September’s end, there were 814 launches and 661 liquidations, HFR data showed.

All this as funds have record assets under management, some $2.8 trillion.

Don Steinbrugge, managing partner of hedge fund advisory firm Agecroft Partners

That does not bode well for an industry whose management fees are under rotating, if constant scrutiny. This culling process is nothing more than natural selection, Don Steinbrugge, managing partner of Agecroft Partners told the Global Markets Forum on Thursday.

Dec 10, 2014
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Sell, baby, sell: Sinking oil prices among global headwinds into 2015: Canadian fund manager, US economist

The rout in oil will have wider reaching consequences yet.

The Organization of Petroleum Exporting Countries’ decision not to cut production amid slowing demand coupled with large increases in U.S. oil output has skimmed some $40 off a barrel of oil inside of five months.

The impact of low oil prices is already being felt among large exporters of the fuel who rely mostly on that revenue. Canada is suffering and sinking oil prices may yet keep its neighbor to the south in a holding pattern.

Dec 3, 2014
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Equity bull market ongoing as Fed interest rate raise “years away” – Cumberland’s Kotok

The Dow Jones Industrial Average hit a record high for the third straight day this week. The S&P 500, since breaking the 2,000 level on Oct. 31 has since remained above that level.

David Kotok, Cumberland Advisors

Expect this as the new normal, at least for this decade, David Kotok, chairman and chief investment officer of Cumberland Advisors told the Reuters’ Global Markets Forum on Wednesday.

Dec 2, 2014

Houston energy hedge fund AAA Capital to close at year’s end

NEW YORK, Dec 2 (Reuters) – Energy hedge fund AAA Capital
Management Advisors will shut its doors and return investor
money at the end of the year as traders continue suffering
lackluster returns amid a structural change in energy markets.

A. Anthony Annunziato, the fund’s president, said on its
website after 17 years of managing money, “I have decided to
return investor capital and retire from the asset management
industry by the end of 2014.”

Nov 28, 2014
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OPEC’s edginess pushes U.S. shale revolution ahead of U.S. shopping holiday

The shale oil boom in the U.S. may top media headlines over the holiday shopping blitz this day after Thanksgiving in the U.S.

The Organization of Petroleum Exporting Countries (OPEC) on Thursday decided to leave oil output unchanged at 30 million barrels per day. This decision comes as demand falters and global growth forecasts into next year remain tepid, which will push oil demand lower.

Nov 13, 2014
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Marginal oil producers, gold investors heed caution ahead of OPEC meeting

Oil markets made history this week as Brent crude prices dipped below $78 to a four-year low. This comes ahead of a meeting by members of the Organization of the Petroleum Exporting Countries on Nov. 27th.  Up for debate is whether or not Saudi Arabia, OPEC’s largest producer, will decide to cut production.

Jodie Gunzberg, Global Head of Commodities, S&P Dow Jones Indices

The outcome, while perhaps more subtle than a global oil price rout, will be no less impactful. Saudi Arabia has been accused of engaging in a price war of sorts, purposefully keeping output high to flood the market, drive prices lower and make it uneconomical for producers to drill. This is something the Saudi oil minister denied this week.

Nov 7, 2014
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Fed should take “Goldilocks” jobs report with grain of salt; wage growth still main story – Rivkin

Friday’s jobs report was something that the market could take in stride and the U.S. Federal Reserve could breeze over in its interest rate policy plotting. Even as the unemployment rate sank to a six-year low, wage growth remains stagnant. Wage growth has to become more robust and consistent before the Fed embarks on raising interest rates, most analysts agree.

The U.S. economy added 214,000 jobs last month, lower than the expected 231,000 in a Reuters’ poll but above the 200,000 mark for the ninth consecutive month.

Oct 29, 2014
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Aberdeen asset manager focuses on value amid market turmoil

Volatility has cooled for the moment, even as the U.S. Federal Reserve lifted its quantitative easing program on Wednesday, but Europe, China and Brazil are still concerns for financial markets, according to a veteran investment manager.

On Wednesday, the World Bank urged China to cut its growth forecast next year. Brazil’s stock market is still recovering from a sharp post-election sell off on Monday, and Europe’s financial sector needs some fine tuning.

Oct 27, 2014
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Sinking mortgage rates disguise investor fear – economist

A dip in 30-year mortgage rates to their lowest level in more than a year and stronger U.S. housing data on Friday appeared to be the green shoots of the next phase of U.S. economic recovery, that being the housing market.

U.S. housing starts were up a whopping 6.3 percent in September. Together, the mortgage and housing data seemed to suggest a housing recovery. That, in turn, fits neatly into the U.S. Federal Reserve’s initial timeline for ending its asset buying program this month, even as the number of sales of previously owned homes disappointed on Monday.

Oct 23, 2014
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Ebola will not be the last global epidemic, time to hit the reset button on how we treat it – author

(Updates with current news on New York City doctor testing positive for Ebola and World Health Organization’s expectations for a vaccine.)

Ebola will not be the last global epidemic. It is, however, the first to spread as we hop on planes, rely on oil and chocolate from far flung locales and blindly lean on modern medicine’s ability to control and kill the very pathogens that live among us.

    • About Jeanine

      "Jeanine is an award-winning journalist and Deputy Editor of the Reuters Global Markets Forum where she covers broad issues pertaining to equity, commodity, bond and foreign exchange markets. Jeanine, who covered energy for many years, is a winner of the 2013 Gerald Loeb Award, and her work has been recognized by SABEW, the National Press Foundation and Barlett & Steele. She is fluent in Italian having spent a year on scholarship studying at the University of Trento, Italy and is a graduate of Columbia University's Graduate School of Journalism."
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