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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...