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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...