Facebook's new cryptocurrency

Four teams from the English Premier League are taking all the places in the two European finals. But why has the EPL taken so long to dominate European football?

ICMA Centre MSc student Richard Hamilton, from Belfast has been awarded a prestigious investment banking prize by the Securities & Investment Institute. The Stephen Cooke Scholarship Programme commemorates the late Stephen Cooke, former senior partner of stockbroking firm, Gerrard Vivian Gray. These scholarships are only available to SII accredited Centres of Excellence, which are an elite group of universities including ourselves, selected by the SII as offering leadership in academic education, focused on financial markets.

Momentum trading is a popular strategy in the commodity futures markets. The idea is simple. Suppose that an investor wants to invest in the first nearby contract of several commodity markets, e.g. crude oil, live cattle and gold. At the end of each month, the trader ranks these assets according to their past return performance, observed over a measurement period of 12 months for example, from the top performing asset to the bottom performing asset. The investor opens a long position in the first nearby of the markets that performed well and a short position in the first nearby of the markets that underperformed. These positions are held throughout the next month. This strategy has performed historically well historically and has attracted the interest of investors.