The London Metal Exchange says USD1bn in steel billet has been traded on the exchange by industry since the contract was introduced in February 2008.  This equates to more than 2.2 million tonnes of steel billet in physical material.  

The estimated July 2009 return for the Newedge Volatility Trading Index is 0.66 per cent, compared with -0.25 per cent the previous month.

The hedge fund market still has some way to go before it returns to historical levels, according to the latest quarterly index from secondary hedge fund market provider Hedgebay Trading

The Bank of New York Mellon has agreed to acquire Insight Investment Management from Lloyds Banking Group for GBP235m.

Bandon Capital Management, an investment management company, has completed the fifth year of its flagship investment strategy, DIRS – Directional Interest Rate Strategy.

GLG Partners, the US-listed asset manager, has engaged Mercer’s investment consulting business to examine if the perceived need to tackle issues around climate change and other major en

The HFN Hedge Fund Aggregate Average was up 2.44 per cent in July and up 11.89 per cent for the first seven months of 2009, according to HedgeFund.net.

JMP Group’s total net revenues increased 74.2 per cent to a record USD37.5m for the second quarter of 2009 from USD21.5m for the second quarter of 2008.

All four hedge fund strategies published by Dow Jones Hedge Fund Indexes posted net-of-fees gains in July 2009.

The Bank of New York Mellon has repurchased for USD136m the warrant to purchase approximately 14.5 million shares of the company’s common stock that it had issued to the US Treasury as