Hedge Fund Sues Major Banks Over Market Manipulation

Managed futures hedge funds typically cannot find success in markets that are manipulated.  AIS Capital Management, a Wilton, CT-based hedge fund known to utilize algorithmic trend following is doing something about it.

The hedge fund, which has a managed futures as well as a gold trading strategy among other offerings, filed a class action lawsuit through its Washington, DC law firm earlier this week.  According to a report in the Wall Street Journal, the class action lawsuit claims that from Jan. 1, 2004 to the present day, Barclays PLC (NYSE:BCS) (LON:BARC), Deutsche Bank AG (NYSE:DB) (ETR:DBK), HSBC Holdings plc...