Saturday, 25 October 2014
Last updated 1 day ago
Sep 21 2010 | 10:54am ET
Commodity hedge fund Armajaro Asset Management’s flagship hedge fund remains down more than 7% this year after posting a small positive return last month.
The firm’s Commodities Fund—which invests primarily in metals, energy and grains, and which did not participate in the huge cocoa buy engineered by firm co-founder Anthony Ward in July—rose almost 0.6% in August, Reuters reports. The US$1 billion fund is down 7.3% on the year.
“Returns can be assigned to copper, gold and the grains complex, with losses suffered in crude oil,” the firm explained in a note to investors.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.