Ebullio Bounces Back In March, But Still Has Long Way To Go

Apr 22 2010 | 12:35pm ET

The good news is that commodity hedge fund shop Ebullio Capital Management managed a 14.08% return last month.

The bad news? It’s still down more than 95% this year.

The firm, which managed US$42.3 million in November, lost 70% in January and a whopping 86% in February. With March’s success, the fund is now down only 95.24% on the year, according to Reuters.

“There is still a long way (a very long way) to go, but at least we have started the comeback and remain confident that we can stay the course and return to high watermark within a sensible time frame,” the firm wrote in its report.

How long a way to go? Oh, just about 2,000%, give or take, which will take 23 months if he can manage to repeat last month’s returns each month during that time.

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