Saturday, 20 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.