Wednesday, 20 August 2014
Last updated 7 min 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note