Monday, 26 January 2015
Last updated 2 days ago
Jul 1 2010 | 11:51am ET
Galena Asset Management bucked the commodities hedge fund trend in May with a big gain, while most its fellow commodity hedge funds suffered drawdowns.
London-based Galena’s $700 million commodity fund jumped 4.2% in May, its best return of the year. While the average commodity fund dropped by more than 1.5% on the month, Galena saw its bullish bet on gold and bearish bet on copper pay off. The fund is now up 8% on the year, Bloomberg News reports.
By contrast, BlueGold Capital Management lost 12.5% in May, Armajaro Asset Management lost 8.8%, Clive Capital lost 6%, and Touradji Capital Management lost about 5%.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…