Saturday, 23 August 2014
Last updated 23 hours ago
Sep 13 2010 | 12:28pm ET
Velite Capital Management’s energy hedge fund soared last month as the oil and natural gas markets took a beating.
The Houston-based firm’s $1 billion Velite Energy fund rose about 20% last month, Bloomberg News reports. The average commodity hedge fund returned only 0.74% in August, according to the Newedge Commodity Trading Index.
Velite, like many trend-following hedge funds, has been shorting energy commodities, and it paid off big time last month. Natural gas prices were off 22% in August, and crude oil dropped 9%.
Velite Energy is managed by David Coolidge.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note