Billionaire investor Paul Tudor Jones sought to explain his controversial remarks last month on the ability of women to be successful macro traders after giving birth, saying he had spoken “off the cuff.”
Police began probing the Hong Kong Mercantile Exchange Ltd., owner of the failed commodities market set up by a member of the city’s cabinet, after the securities regulator found suspected financial irregularities.
In September 2006, Greenwich, Connecticut-based hedge fund Amaranth Advisors LLC collapsed after losing more than $6 billion in the natural-gas futures market. In “Hedge Hogs,” Barbara T. Dreyfuss tells the story of the math-whiz traders whose risky dance with deregulation led to the collapse.
The Standard & Poor’s GSCI gauge of 24 commodities dropped 0.8 percent to 624.66 by 4:50 p.m. in London, heading for a monthly decline of 4.6 percent. That would be the biggest monthly drop since May. The UBS Bloomberg CMCI index of 26 raw materials was down 0.5 percent at 1,481.091.
The Standard & Poor’s GSCI gauge of 24 commodities fell 0.9 percent to 624.44 in New York. Corn and WTI crude fell, while cotton and gold rose. The UBS Bloomberg CMCI index of 26 raw materials fell 0.8 percent to 1,476.455.