Tuesday, 5 May 2015
Last updated 11 hours ago
Dec 15 2010 | 1:49am ET
A pair of prominent commodities hedge funds have reaped rich returns in 2010.
Clive Capital's eponymous fund and the Merchant Commodity Fund are both up by double-digits, well ahead of the average hedge fund. The returns are particularly impressive for Merchant, headed by former Cargill traders Michael Coleman and Doug King, as the US$1.4 billion fund was down almost 20% through the first four months of the year and stayed in the red until it posted a 12.7% return in September.
The fund, which has enjoyed positive returns for seven straight years, is up 14.4% this year, despite losing 4.6% last month, Bloomberg News reports. The fund blamed the setback, its biggest drop since April, on agriculture trading, calling November "the most volatile month in commodities for over a year."
The US$4 billion Clive Fund is up 11.3% this year after returned 0.56% last month.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…