Tuesday, 1 December 2015
Last updated 9 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…