Commodity funds also bucked the trend again, recording net inflows for the tenth consecutive month the eVestment numbers show. Investors have added money to those strategies for the last fourteen months, for a total of about $10.3bn of net new money.
Investors pull $25.2bn from hedge funds in July – (FT)
“Financial professionals often define risk as volatility. This has never made sense to me, because to earn a decent return on your capital you have to learn to accept volatility in some form.”
How Volatility Can Work in Your Favor – (A Wealth of Common Sense)
“Even given their lower prices, managed futures ETFs don’t compare favorably with their mutual fund counterparts.”
Why Alternative Mutual Funds Are Better Than ETFs – (Barrons)
This is a point I have made many times before but alternatives are for providing diversification against extreme market events like the stock market cutting in half or if there is ever a comeuppance in the bond market for years of shockingly low rates.
Alternative Context – (Alpha Context)
In NFA action, Diedrich said he initially invested $75,000 with Wohl. Wohl showed Diedrich an account statement that revealed $89,500 total in the account, a gain of 8.3%. When Diedrich requested on several occasions that his account be closed and the $89,500 sent to him, Wohl eventually returned only $44,000.
Jacob Wohl Subject Of Regulatory Complaint, Father Allegedly Tells NFA “Stay Away Or Else” – (ValueWalk)
“But this spring, a 37 percent surge in U.S. soybean futures caught many traders and veteran agriculture economists off guard.”
Soybeans trip up top traders, prompt rare offer to U.S. farmers – (Reuters)
With an overall rate of 18 suicides per 100,000 inhabitants, the French are 50 percent more likely to kill themselves than the average EU citizen. But the observatory notes that farmers are three times more at risk than their white-collar counterparts.
France’s farmers on suicide watch as wheat crop fails – (Politico)
“These two new Alumina futures contracts are an innovative solution designed to help our customers better manage risk across multiple sources of volatility,”
CME Group expands base metals offering with two new alumina futures contracts – (Futures Magazine)
“Gear up for a significant correction in the U.S. stock market over the next two months as a slew of technical signals suggest the summer rally will run out of steam.”
UBS: Technical Indicators Portend Danger for S&P 500 Bulls – (Bloomberg)