Bobby Jain's New Hedge Fund Plans Major Push Into Commodities [Financial Post (Toronto, Ontario, Canada)]
SUMITOMO CORP S/ADR (SSUMY)
NASDAQ:AMEX Investor Relations:
sumitomocorp.co.jp/en/ir
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Bobby Jain's new hedge fund is tapping talent from commodity trading houses and committing a chunk of the money it's raising for a major push into raw materials — including in the physical market. Jain Global will allocate to commodities 15% to 20% of the roughly $5 billion it's aiming to raise, according to a person familiar with the matter, who asked not to be identified because the details are private. The fund — due to launch in July — will trade commodities derivatives before moving into physical transactions. Article content Article content Jain Global is on track to be one of the biggest hedge fund launches in years, and its push into energy and metals is the latest example of how investors are piling back into raw materials. A gauge of prices has rallied to the highest in a year, driven by supply disruptions, geopolitical tensions and a
Show less
Read more
Impact Snapshot
Event Time:
SSUMY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SSUMY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SSUMY alerts
High impacting SUMITOMO CORP S/ADR news events
Weekly update
A roundup of the hottest topics
SSUMY
News
- Sumitomo Corporation of Americas Announces Sales Agreement with Rock Identification Hardware and Solutions Provider Hyperspectral Intelligence Inc. [Yahoo! Finance]Yahoo! Finance
- Sumitomo Corporation of Americas Announces Sales Agreement with Rock Identification Hardware and Solutions Provider Hyperspectral Intelligence Inc.PR Newswire
- Sumitomo, RETI Ink Agreement for CCS Hub in Calgary [Yahoo! Finance]Yahoo! Finance
- Reconciliation Energy Transition Inc. and Sumitomo Corporation Group sign Joint Development Agreement for RETI East Calgary Region CTS Hub Project [Yahoo! Finance]Yahoo! Finance
- Reconciliation Energy Transition Inc. Announces Joint Development Agreement with Sumitomo Corporation Group [Yahoo! Finance]Yahoo! Finance