Issue: 0823| Tuesday, June 03, 2008
HFs reduce bets on oil
Activists in line for greater disclosures
More shine for Platinum
Mid-market M&A still robust in Europe
HSBC seeking more from emerging markets
First Middle East and North Africa fund ready for launch
Apparel retailers aiming for India
US venture capitalists keen on investing globally
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Pensions Picking Dollars, Shorted by Hedge funds

Whenever pension funds, mutual funds and insurance companies decide they should own dollar assets that are out of favor with hedge funds, the hedge funds lose.

Institutional investors bought more dollars than they've sold this year, according to State Street Corp. and Bank of New York Mellon Corp., the largest money managers for institutions. That's significant because speculators such as hedge funds raised bets against the greenback by 36 percent, data from the Commodity Futures Trading Commission in Washington show.....(Read more..)


Source : Bloomberg

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