Thursday, 24 July 2014
Last updated 13 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…