Unstructured Finance

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GMF @HedgeWorld West, World Bank/IMF and Financial & Risk Summit Toronto 2014

October 3, 2014

(Updates with guest photos and new links).

Join our special coverage Oct. 6-10 in the Global Markets Forum as we hit the road, from the West Coast to Washington to the Great White North.

Tyrone Gilliams keeps going and going despite charges

November 19, 2011

By Matthew Goldstein

It’s been an eventful month for hip-hop promoter and commodities trader Tyrone Gilliams, the man federal authorities allege defrauded investors out of at least $5 million.

Beef off menus, on agenda in Argentina

February 11, 2010

If there’s one thing that gets Argentines hot under the collar, it’s rising beef prices, so it’s not surprising that surging costs at the butcher shop are ringing alarm bells at the presidential palace.
    Local TV stations are reporting a collapse in sales and some angry steak lovers have even set up a Facebook group to promote a one-week beef-eating strike. Some cuts have gone up by as much as 50 percent since the start of the year, according to local media, forcing government officials to play down the hikes as a temporary blip and blame their old enemies — the farmers.
    Economy Minister Amado Boudou has blamed recent rains for the price rise, saying ranchers are keeping their animals out grazing on the lush Pampas pastures instead of sending them to market.
    President Cristina Fernandez, who enthusiastically promoted pork as an alternative to beef by comparing it to Viagra last month, also pointed a finger at the weather, but took a pop at ranchers too.
    “It’s true, beef’s gone up. It’s gone up a lot, as has the price the farmers are getting,” she said this week, drawing an angry response from farm leaders, who said short-sighted government policy and middlemen were the real villains.
    The government has curbed exports on-and-off for years to keep a lid on the cost of the nation’s favorite food and the current spike in prices has raised the specter of fresh disruption to shipments from the country, a leading exporter.
    But as beef becomes increasingly unaffordable, some Argentine shoppers might be taking the president’s pork recommendation a lot more seriously.

Morning line-up

January 13, 2010

News and views on the hedge fund sector from Reuters and elsewhere:

tea.jpgEx-Centaurus HK chief starts new fund - Bloomberg

Reprieve for Cohen? – Reuters

Hedgies’ impact on energy trading – Commodities Now

Investors pour in billions – Reuters

Citi taps the UCITS rush – FINAlternatives

Why are commodities risky assets for investors?

December 15, 2009

Recently I received an email asking me to explain why commodities are risky assets. ”I would think energy and raw
materials would still be in demand, even if Dubai defaults,” the writer said.

Live from London Metal Exchange Week 2009

By Reuters Staff
October 9, 2009

Nickel The great and good of the global metals industry gather for London Metal Exchange week — the flagship event for the industry.

Locked out of car, cut finger breaks monotony on crop tour

August 18, 2009

    It was a case of keys being accidentally locked in the car, a cut to the finger by a corn leaf and a chat about hail damage at a scouting stop on the Pro Farmer crop tour on Tuesday in Carlton, Nebraska.
    And thus, the monotony of scouting a seemingly-endless number of corn and soybean fields in the Midwest grain belt was broken, momentarily, by these incidents.
    At the stop in Carlton, a U.S. Agriculture Department official, in the car behind ours, accidentlly locked his keys in his rented Hyundai.
    Then, this reporter deeply sliced his finger on the leaf of a corn stalk.
    While the government man borrowed a phone from another scout to call the rental company and I dressed my wound with a wet napkin and a bandage, the farmer whose bean field we were scouting pulled up in his pickup.
    Then, Rich Mosier, a broker with brokerage and research company Allendale, Inc., passing through from his home in Davenport, Iowa, stopped for a chat.
    All of the sudden, it was a veritable meeting of the minds on the side of Highway 4.
    With a locksmith on his way, talk returned to farming.
    Scout Elwood Line, our driver and a farmer from northeast Illinois, asked if Carlton farmer John Lange was a ‘John Deere’ man, referring to the farm machinery maker Deere & Co.
    “Both — John Deere and International,” Lange said. “International combine and a John Deere head.”
    Mosier said the crops in this area, especially the dryland fields, were first hammered by hail and are now thirsty for rain.
    “The dryland has suffered the last three weeks. We haven’t had any big rains,” Mosier said.
    After about 45 minutes, the locksmith showed up to jimmy the door of the Sonata.
    Asked how he was doing, the locksmith replied, “Better than you, I guess.”
    Corn yield in the field we scouted  was projected at 193 bushels per acre, while the soybean count was 1,034 pods in a 3-by-3 foot area.