Friday, 24 October 2014
Last updated 2 hours ago
Apr 8 2011 | 3:48am ET
BlueGold Asset Management had a pedestrian January and a terrible March. But a tremendous February insured that the commodity-focused hedge fund enjoyed a strong first quarter.
The London-based firm, which has been long oil amidst the unrest in the Middle East and North Africa, enjoyed a 7.5% surge in the second month of the year, enabling it to withstand a 3.3% drop last month. Combined with its 1% return in January, BlueGold ended the first quarter up 5.5%, Reuters reports.
Pierre Andurand, BlueGold's founder, is "a directional oil guy, so it isn't surprising that his fund's fortunes mirror the crude market," an investor told Reuters. Oil's recent rally sputtered in March.
BlueGold has about US$2 billion in assets under management.
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 McKitish of Peddie School's 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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...