Velite Up 20% As Natural Gas, Oil Drop

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note