Tuesday, 23 September 2014
Last updated 6 hours 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.
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…