Spanish employment data, hedge fund selling, and political rhetoric over a strong single unit causing economic problems are only some of the issues that this 17-member currency club is dealing with this morning.
In recent months, hedge fund critics have raised the issues of aggressive short-selling, hedge fund collusion with research analysts to manipulate a stock to their benefit, and short-sellers who skirt rules on stock settlement and clearing to make profits.
Thailand, Argentina and Russia have all faced financial crises as a result of foreign investors (largely American hedge funds) selling their currency en-masse.
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Therefore one can see why hedge-fund investors may be looking elsewhere: If the hedge funds are selling in order to meet redemption requests, it could explain the recent action.
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He sat next to his right-hand man at Goldman, Gary Cohn, and in the same section as the short-selling hedge fund manager Jim Chanos, Barclays chief executive Bob Diamond and Nasdaq head Bob Greifeld.
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Lately, his hedge fund has been selling down its stakes in financial firms like Citi and Bank of America and has apparently cashed out of Goldman Sachs.
Louisiana is home to approximately 100 shareholders in Sedona, a Pennsylvania software company whose stock has been pummeled in the last six years, it contends because of manipulative short-selling by hedge funds and collusive brokers.
Still, UBS says the data, which is presented on a four-week average, miss a key point: Two weeks ago, based on its client data, UBS says it saw the biggest weekly net selling by hedge funds and long-only funds in this correction.
Hedge funds have been selling out of the emerging markets all year, but have been buying fixed income in the BRICs consistently, registering positive inflows in Brazil, Russia, India and China since January, according to fund tracking firm EPFR Global in Cambridge, Mass.
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Only hedge funds--by selling short and tapping into a wide range of strategies like arbitrage--can do the trick.
He said he believes that the hedge fund and other investment selling that pressured gold has abated, which takes away one bearish overhang.
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You cannot count on selling apples to hedge oranges, because they are different fruits, come to market at different times and subject to mixture pricing risks.
Something like this indiscriminate selling has been affecting hedge funds over the past couple of weeks.
The Securities and Exchange Commission (SEC) has intervened in the epic struggle between financial companies and the hedge funds that are short-selling their shares.
Former U.S. Securities and Exchange Commission investigator Gary Aguirre is slated to testify at a hearing Wednesday as the Senate Judiciary Committee takes up the issue of hedge funds and manipulative short-selling.
"Lack of transparency and oversight contributes to the danger that hedge funds may engage in possible use of naked short selling, " wrote Richard Blumenthal, the attorney general for Connecticut, home to many of the biggest hedge funds.
So the prohibition won't in theory prevent hedge funds and other investors short-selling French and Italian banks, for example, through offshore exchanges.
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With 1360 members contributing earnings estimates to 230 stocks, the New York-based company makes its cash selling commercial data licenses to hedge funds.
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The banning of short selling reduces the opportunity to hedge a purchase of those stocks: thus making it less likely (by some unknown amount) that people will buy them.
As for that UBS tipping case, 12 of the defendants have settled or pleaded guilty, including Mitchel Guttenberg, the former institutional client manager of UBS's research department who was accused of selling upcoming downgrade tips to hedge fund clients in a scheme hatched with a friend at New York's Oyster Bar.
Mr. Lack doesn't say that short selling is the major source of hedge-fund risk.
The monetary authority's aim was to slap down hedge funds that had been shorting shares (selling borrowed shares in the hope of buying them back later at a lower price).
Hedge fund managers are already believed to be selling out of positions to avoid a June crunch when they may have to return cash to investors, and some may be preparing to jump back into sectors that look oversold.
Driving the reduction in hedge fund short trading is the escalating cost of selling stock short in the last few years.
Hedge funds can make money by buying companies and selling underperforming assets.
In a separate criminal complaint, prosecutors allege that Martoma recommended the owner of the unnamed hedge fund sell its Wyeth and Elan holdings, and that the hedge fund owner then instructed a trader to begin selling its position.
Among the biggest buyers of new Dynegy debt were hedge funds, which covered their positions by short-selling the common stock.
Individuals are still taking money out of the stock market, hedge funds are still having redemptions and pension funds are selling U.S. equities to pay retiring beneficiaries.
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