Wednesday, 20 August 2014
Last updated 30 min ago
Jan 10 2011 | 4:36am ET
There are comebacks, there are amazing comebacks and there are borderline miracles. BlueGold Capital Management’s December approaches the latter.
The London-based commodity hedge fund soared an amazing 23.1% last month to ensure its third consecutive year of at least double-digit returns. The fund, which advanced 209% after debuting in February 2008, added another 55% in 2009. Last month’s return left the US$1.8 billion fund up 12.8% on the year.
That’s well ahead of the average hedge fund, which returned in the mid-single digits. But it’s all the more impressive given that BlueGold lost about 11% in the first several weeks of the year and stayed down by double digits for most of 2010. It was the second time this year that BlueGold bounced back from down double-digits, its 12.5% March return erased that early-year deficit.
The miserable start forced BlueGold to deny that it was liquidating its portfolio and shutting down.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note