Brevan, Jamison Commodities Funds Rise In May

Jun 15 2011 | 2:33am ET

Two major commodity hedge funds managed to rise last month, despite a tough environment for hedge funds generally and a brutal oil rout that left many of their peers down by double-digits.

Commodity funds managed by Jamison Capital Partners and Brevan Howard Asset Management, with almost $1 billion in assets under management between them, both finished the bumpy month with their heads above water. The former's $600 million Koppenberg Macro Commodity Fund jumped 5.9% in May, Bloomberg News reports, while the latter was no doubt happy with its more modest 0.5% gain.

Both funds performed well during early May's volatility in the oil markets.

Some smaller commodity funds joined Jamison and Brevan Howard in the black. Duet Group's commodity fund added 3.7%, Portal Capital's Green Energy Fund rose 2.42% and Rosetta Capital Management's $180 million fund returned 1.8%.

Larger commodity hedge funds were not so lucky. BlueGold Capital Management suffered a 23% decline, while Clive Capital fell by 10%. Astenbeck Capital and the Man Group's AHL strategy also suffered.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...