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December 2010

Gold rush helps hedge funds bounce back

December 30, 2010 by MoneyScience   Comments (0)

After two years of client withdrawals and pressure from regulators, hedge funds returned strong performances this year, fuelled by successful bets on metals and emerging markets. The hedge fund industry, heavily criticised for gambling on the collapse of some banks in 2008, will end up the year with $2.4tn (£1.54tn) of assets under management, after adding a net $79.5bn during the past 11...

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Technology: Computers That Trade on the News

December 23, 2010 by MoneyScience   Comments (1)

The number-crunchers on Wall Street are starting to crunch something else: the news. Math-loving traders are using powerful computers to speed-read news reports, editorials, company Web sites, blog posts and even Twitter messages — and then letting the machines decide what it all means for the markets. The development goes far beyond standard digital fare like most-read and e-mailed lists....

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