SandRidge Edges Up After Difficult Summer

Sep 17 2010 | 6:36am ET

After two awful months, SandRidge Capital posted a sizeable gain in August—but remains down double-digits for the year.

The Texas-based energy hedge fund, which has seen its assets under management drop about 30% to $700 million since June, returned 7.2% last month. The turnaround likely came from short bets against natural gas, which fell 22% in August, Reuters reports.

Those same short bets are thought to have been what burned SandRidge badly earlier this summer. The fund lost about 15% in June and 19% in July. SandRidge is down 17% on the year.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of