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Search resuls for: "whipsaw"


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REUTERS/Nick OxfordLONDON, Sept 23 (Reuters) - Hedge funds around the world fled positions in energy stocks, bonds and futures last week just in time to miss this week's whipsaw moves in oil, according to data from two banks. It could be a sign that hedge funds, which often discover trading ideas from market trends, are finding it too tough to bring in the kind of paydays they received from the surge in oil prices earlier this year. And on Friday, oil prices hit their lowest since January as recession fears gripped world markets. His firm had an "amazing run" trading energy futures the first quarter but eventually, the trend ended. The momentum that fueled a stable upward rise in oil prices has changed, said another manager who oversees more than $100 billion and for compliance reasons wished to remain anonymous.
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