19% of 320 institutional investors managing $1.3 trn prefer India as investment destination in 2017
He doesn't have the assets or name recognition of computer-savvy giants like Renaissance TechnologiesYoshinori Nomura felt like weeping. It was the morning of June 24, Brexit day, and markets were moving against him.Well, not against him, exactly. It was the hedge fund manager's self-learning computer program that had placed the bet, selling Japanese stock-index futures before a sizable market advance. Nomura had anticipated a rally, but decided not to interfere, and his fund was paying the price.Then, in an instant, everything changed. When new vote counts signalled Britain was going to leave the European Union, a burst of selling sent Japanese shares to their biggest drop in five years. By luck or design, Nomura's Simplex Equity Futures Strategy Fund ended the day with a 3.4 per cent gain, one of its best results in three months of trading."The machine was right after all,'' said Nomura, who spent more than three years refining his trading program and now oversees about 3.5 billion y
Sanjay Valvani made a deal with a former US drug regulatory official to get confidential information; netted $25 million in profits
Metals, silver prices sharply rebound after easing concerns on China's growth