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List Of Trading Losses
The following contains a list of trading losses of the equivalent of USD100 million or higher. Trading losses are the amount of principal losses in an account. Because of the secretive nature of many hedge funds and fund managers, some notable losses may never be reported to the public. The list is ordered by the Real interest rate, real amount lost, starting with the greatest. This list includes both fraudulent and non-fraudulent losses, but excludes those associated with Bernie Madoff's Ponzi scheme (estimated in the $50 billion range) as Madoff did not lose most of this money in trading. , , VIX, CBOE Volatility Index futures and options , , 2020 , Jim Carney , - , USD 0.225 bn, , 1, , USD 0.225 bn, , 43.5%, , USD 0.30 bn, , , , FXCM, , Foreign exchange , , 2015 , , - , USD 0.207 bn, , 1, , USD 0.207 bn, , 43.5%, , USD 0.30 bn, , , , Codelco , , Copper, silver, gold futures , , 1993 , , - , EUR 0.160 , 1.1 , USD 0.176 bn , 0% , USD 0.176bn , , BNP Paribas, BNP Paribas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whereas pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long Term Capital Management
Long-Term Capital Management L.P. (LTCM) was a highly-leveraged hedge fund. In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York. LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Members of LTCM's board of directors included Myron Scholes and Robert C. Merton, who three years later in 1997 shared the Nobel Prize in Economics for having developed the Black–Scholes model of financial dynamics.''A financial History of the United States Volume II: 1970–2001'', Jerry W. Markham, Chapter 5: "Bank Consolidation", M. E. Sharpe, Inc., 2002 LTCM was initially successful, with annualized returns (after fees) of around 21% in its first year, 43% in its second year and 41% in its third year. However, in 1998 it lost $4.6 billion in less than four months due to a combination of high leverage and exposure to the 1997 Asian financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Showa Shell Sekiyu
was a Japanese company that operated as a subsidiary of Royal Dutch Shell until it was acquired by Idemitsu Kosan in 2018 and integrated into the company the following year. It was formed by the merger of Showa Oil Company and Shell Sekiyu which was begun around 1876 in Yokohama by Samuel Samuel & Co, the predecessor of Shell Group today. Showa Shell Sekiyu acted as an oil and energy products business in Japan and worldwide, from crude oil extraction and refining, to retail and wholesale energy supply operations. History Origins In 1900, Samuel Samuel & Co, which had started in Japan in 1876 by Samuel Samuel as an international trading business in Yokohama, created an independent petroleum division. It subsequently set up Rising Sun Petroleum Co. Ltd (which later became Shell Petroleum) to expand its distribution channels of candles and kerosene for lamps. Before long, Samuel Samuel & Co, which expanded as Shell Transport, merged with Royal Dutch to form Royal Dutch/Shell. Risin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metallgesellschaft
Metallgesellschaft AG was formerly one of Germany's largest industrial conglomerates based in Frankfurt. It had over 20,000 employees and revenues in excess of 10 billion US dollars. It had over 250 subsidiaries specializing in mining, specialty chemicals (Chemetall), commodity trading, financial services, and engineering (Lurgi AG, Lurgi). Henry Merton & Company, Ltd was previously a branch of the Metallgesellschaft. History Metallgesellschaft AG was incorporated in Frankfurt am Main in 1881 by Wilhelm Ralph Merton, his father Ralph Merton, and Leo Ellinger. Merton was responsible for business strategy, Ellinger for operations, and a cousin of Merton, Zachary Hochschild, for marketing and international activities. Their main competition were the two other large metal trading companies of Germany: ''Aron Hirsch & Sohn'' in Halberstadt, and ''Beer, Sondheimer & Co'' in Frankfurt am Main. Although Metallgesellschaft was a joint stock company, it was operated like a family business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Orange County, California
Orange County is located in the Los Angeles metropolitan area in Southern California. As of the 2020 census, the population was 3,186,989, making it the third-most-populous county in California, the sixth-most-populous in the United States, and more populous than 19 American states and Washington, D.C. Although largely suburban, it is the second-most-densely-populated county in the state behind San Francisco County. The county's three most-populous cities are Anaheim, Santa Ana, and Irvine, each of which has a population exceeding 300,000. Santa Ana is also the county seat. Six cities in Orange County are on the Pacific coast: Seal Beach, Huntington Beach, Newport Beach, Laguna Beach, Dana Point, and San Clemente. Orange County is included in the Los Angeles-Long Beach- Anaheim Metropolitan Statistical Area. The county has 34 incorporated cities. Older cities like Old Town Tustin, Santa Ana, Anaheim, Orange, and Fullerton have traditional downtowns dating back to the 19th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SemGroup
SemGroup Corporation was a publicly-traded company engaged in natural gas, petroleum, and propane pipeline transport. It was organized in Delaware and headquartered in Tulsa, Oklahoma. In December 2019, the company was acquired by Energy Transfer LP. SemGroup LP was engaged in diversified services for the North American crude oil and refined products industry. Operations included gathering, transporting, marketing and hedging services. SemGroup owned and operated carrier pipelines, oil terminals, oil transport and service trucks, pipeline injection stations and terminal storage in Oklahoma, Louisiana, Kansas, and Texas. Canadian operations were located in Alberta, British Columbia, and Saskatchewan. SemCAMS Midstream ULC was a business unit of SemGroup based in Calgary, Alberta. SemCAMS operated four gas processing plants in the Western Canadian Sedimentary Basin. SemCAMS offers midstream service options for wet or dry, sweet or sour gas gathering and processing, as well as dehy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rafael Sotero
Rafael may refer to: * Rafael (given name) or Raphael, a name of Hebrew origin * Rafael, California * Rafael Advanced Defense Systems, Israeli manufacturer of weapons and military technology * Hurricane Rafael, a 2012 hurricane Fiction * ''Rafael'' (TV series), a Mexican telenovela * ''Rafaël'' (film), a 2018 Dutch film People * Rafael (footballer, born 1978) (Rafael Pires Vieira), Brazilian football striker * Rafael (footballer, born 1979) (Rafael da Silva Santos), Brazilian football defender * Rafael (footballer, born 1980) (Rafael Pereira da Silva), Brazilian football right-back * Rafael (footballer, born March 1982) (Rafael de Andrade Bittencourt Pinheiro), Brazilian football goalkeeper * Rafael (footballer, born August 1982) (Rafael dos Santos Silva), Brazilian football striker * Rafael (footballer, born 1984) (Alberto Rafael da Silva), Brazilian football goalkeeper * Rafael (footballer, born 1986) (Rafael Diego de Souza), Brazilian football centre-back * Rafael (fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aracruz Celulose
Aracruz Celulose S.A. was a Brazilian manufacturer of pulp and paper. In 2009 it merged with VCP and was renamed Fibria. The new company maintained its headquarters in Sao Paulo, and is a supplier of bleached eucalyptus pulp. Its current presidents are members of the Hungarian Ersching family. The company has two pulp making plants, one in Aracruz city in Espírito Santo state and the other at Guaíba in the state of Rio Grande do Sul. It also has forestry operations in these states as well as in the states of Bahia and Minas Gerais. The major shareholders control the company's voting shares: the Votorantim and BNDES, the Brazilian National Economic and Social Development Bank. ARACRUZ's preferred shares, which constitute over half the company's total outstanding shares, are traded on the São Paulo ( Bovespa), New York and Madrid stock exchanges. These remain the two shareholders of Fibria. The company was listed on the Stock Exchange of Sao Paulo, New York City and Madri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sumitomo Corporation
is one of the largest worldwide ''sogo shosha'' general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group. It is listed on three Japanese stock exchanges (Tokyo, Nagoya and Fukuoka) and is a constituent of the TOPIX and Nikkei 225 stock indices. Today, the company is one of the top three ''sōgō shōsha'' companies in the world. History The Sumitomo Group, of which Sumitomo Corporation is a key member, dates to the 17th century establishment of a book and medicine shop in Kyoto by Masatomo Sumitomo. Sumitomo's brother-in-law Riemon Soga developed a technology to extract silver from copper, and Soga's son (who married Sumitomo's daughter) Tomomochi Sumitomo expanded this smelting business to Osaka. From this start, the Sumitomo family expanded its business into copper mining (the Besshi copper mine), followed by textiles, sugar and medicine trading. The Sumitomo family was close to the To ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pershing Square Capital Management
Pershing Square Capital Management is an American hedge fund management company founded and run by Bill Ackman, headquartered in New York City. Company history In 2004, with $54 million in funding from his personal funds and former business partner Leucadia National, Ackman started Pershing Square Capital Management. Ackman has been known to hire people outside of traditional finance backgrounds; for instance, his professionals have included a former fly fishing guide, a former tennis pro, and "a man whom he met in a cab.""From Hedge Funds to Bonefishing," Forbes , July 16, 2012 In October 2014, Ackman launched a UK-based closed-end fund, |
GameStop
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas (a suburb of Dallas), and is the largest video game retailer worldwide. , the company operates 4,573 stores including 3,018 in the United States, 231 in Canada, 417 in Australia and 907 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek and Zing Pop Culture Australia, Zing Pop Culture brands. The company was founded in Dallas in 1984 as Babbage's, and took on its current name in 1999. The company's performance declined during the mid-to-late 2010s due to the shift of video game sales to online shopping and failed investments by GameStop in smartphone retail. In 2021, the company's stock price skyrocketed due to GameStop short squeeze, a short squeeze orchestrated by users of the Internet forum r/wallstreetbets. The company received significant media attention during January and February 2021 due to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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