Wednesday, 27 August 2014
Last updated 9 hours ago
Apr 12 2010 | 1:32pm ET
Through the end of February, BlueGold Capital Management found itself in an unfamiliar place: negative territory. But a torrid March has pushed the firm, which has returned some 380% since inception two years ago, back into the black.
The London-based energy hedge fund soared 12.5% last month, Bloomberg News reports. The average hedge fund managed a return closer to 2.5%, and even the Standard & Poor’s 500 Index’s 5.88% jump was left in the dust.
The strong March leaves BlueGold up 1.5% this year, an impressive turnaround from February, when US$1.7 billion firm was forced to deny rumors that is was liquidating its portfolio and closing its doors. Through early February, BlueGold was down about 11%.
BlueGold’s turnaround coincides with that of oil prices. Crude oil traded in New York was down 8% in early February, accounting for the hedge fund’s difficulties, but is now up 7.4% on the year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...