The festival engages in reflective, aesthetic and speculative positions in between art, technology and culture.

That's how he picks his speculative positions?

It suffered huge losses this summer on large speculative positions in world bond markets.

These so called 'pure alpha mandates' are set up to allow the manager as much scope as possible to take speculative positions.

Net speculative positions increased only modestly through January 3, suggesting the recent price rally was more of a rebound from the quiet holiday market.

That determines whether he buys them for his clients, sells those they already have or takes out speculative forward positions.

Few currency traders were willing to take substantial speculative positions in advance of the employment report, which was scheduled for this morning.

Or he may simply be taking a highly speculative position.

Buy side firms usually take speculative positions or make relative value trades.

"That they're holding such speculative positions, they should have had to report that to investors," he said.