Thursday, 31 July 2014
Last updated 2 hours ago
Oct 15 2010 | 12:38pm ET
Ebullio Capital Management’s attempt to rescale an almost impossibly high mountain took a hit in September.
The London-based commodities hedge fund, which lost 96% of its value in January and February, slumped a more modest 2.04% last month. Reuters reports. Despite the hiccup, the firm has mounted something of an impressive comeback since February, trimming its year-to-date losses to 92.47% and nearly tripling the US$1.47 million it had left after its early-year troubles.
Ebullio now manages US$5 million, down from US$5.1 million in August. The firm managed US$42.3 million in November.
As for September, “the only negative performer was copper calendar spreads, but since these are linked to our physical hedging book, which negates the positions, this will come back over the coming months/years,” it told investors in its monthly performance report.
The firm also said it had hired a pair of commodity traders, Oliver Fry and Dominic Haywood.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…