Caymen Net News – Hedge fund managers from across the world are expected to convene in the Cayman Islands for GAIM Ops, a forum that will be held 26-29 April at the Ritz Carlton Resort. GAIM Ops Cayman is the largest hedge fund operational due diligence, compliance, and risk management forum internationally. Industry professionals including Operational Due diligence, COOs, CFOs, CCOs, and general counsel for hedge funds will come to discuss issues affecting the industry.

More than 500 senior delegates are expected to attend the conference, reportedly to tackle issues such as risks that may still be prevalent in the market, and the possible positive outcomes for practioners of operational due diligence.

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Tags: 29-april, cayman islands, compliance, delegates, due diligence, general counsel, hedge-fund-managers, industry professionals, ops, risk management forum, ritz carlton

The Australian – CMC Markets senior dealer Matthew Lewis said base metals were hammered in New York and London overnight on Wednesday as hedge funds liquidated their holdings.

"There is growing concern about the slowing of global growth and the impact that will have on base metals demand," he said.

"Junior iron ore explorers have been really hurt, which has been directly linked to concerns that China’s steel mills may reduce intake by up to 20 per cent.

"Plus, the short-term strength in the US dollar will hamper any bounce in metals."

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Tags: 29-april, agricultural-commodities, corp-ltd, feedback-loop, finance, lu, term-trend

Asia Times – In olden days, explorers sailing the world’s oceans in search of new profit opportunities navigated the unknown by means of looking to the heavens and guiding by the stars. Today, investors still attempt to navigate the dark waters of turbulent economic times with guidance from the stars, namely the satellites in the heavens that carry the world’s three major international financial information broadcast networks, General Electric’s CNBC, Bloomberg’s Bloomberg TV and News Corp’s Fox Business Channel.

Fox Business is under a year old; Bloomberg TV is basically an adjunct of the company’s core data terminal business on every trader’s desk in the world; CNBC, on the air in one form or another for about two decades now, is insanely profitable; advertisers pay a lot more to reach its audience of millionaires with money to burn than they do to reach the people at home in the afternoon.

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Tags: 29-april, absolute-return, babcock, dee, frm, price-discovery, weaponry