Monday, 4 May 2015
Last updated 2 days 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.
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…