BlueGold Stays Hot, Rises 7.5% In Feb.

Mar 3 2011 | 12:29pm ET

BlueGold Capital Management is already well on its way to its fourth-straight year of double digit returns.

The London-based commodity hedge fund's flagship BlueGold Fund rose 7.5% last month, Bloomberg News reports. The strong start to 2011 continues what can only be described as a remarkable turnaround: The firm's US$2.2 billion flagship was down by double-digits as late as November of last year, and in February BlueGold was forced to deny liquidation rumors. But the fund soared 23.1% in December to end the year up 12.8%.

BlueGold returned 209% in its first year, 2008, and 55% in 2009.

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